Indicators
Florida Boom Metros See Biggest Drop in Home Prices Since 2011
- Sarasota metro saw 5.8% drop last quarter from a year ago
- Impact from rising inventory and storms are prices costs down
Homes in Sarasota, Florida.
Photographer: Jeff Greenberg/Universal Images Group/Getty ImagesThis article is for subscribers only.
An area along Florida’s west coast including affluent Sarasota is seeing the worst home price declines since the aftermath of the Great Recession, as the region recovers from hurricanes and faces rising inventory.
While home prices continue to rise across most of the country, metro areas in once-hot Florida and the Southeast dominate the short list of places where they are actually falling from a year ago in data from 226 metro areas compiled by the National Association of Realtors.