Florida now has 4 of the 5 largest metro home price declines in America:
Punta Gorda -11.9%
Cape Coral -9.2%
Sarasota -7.5%
Naples -6.0%
But nationally people still think:
“Florida housing is booming.”
Florida's population losses are compounding.
Miami had the 4th-largest population loss among U.S. metros in Q1 2026.
Orlando had the 6th biggest.
And Tampa lost more people than Chicago.
This data comes from Bank of America's internal account data and is a shocking revelation for anyone who thinks Florida's housing market is recovering.
People continue to leave Florida due to still high prices, soaring property taxes, and expensive insurance.
So much so that a state that was built on massive levels of in-migration of Americans is now losing people in its three biggest metro areas.
As a result, don't be surprised if Florida's housing market continues to correct until things become cheap enough to keep people from leaving.
Track migration by county at reventure.app/mobile.
Chatted with @ByronDonalds re: governor’s race. Tells me he’s aligned with @GovRonDeSantis on state-level AI regulation. Thinks “Alligator Alcatraz” was worth the money, promises to seek full federal reimbursement. Vows to push prop tax reform if voters say no to current plan.
As House gavels in for property tax special session— their measures have appeared. @TobyOverdorf is carrying. He was chair of the property tax committee during session.
FPI's new research on the property tax reform proposal (SJR 2-F):
The $250K homestead exemption would cost FL school districts an average of (at least) $5B annually, and it would cost counties an average of (at least) $4.8B annually.
Read more ⬇️
floridapolicy.org/posts/map-…