Florida New Construction Market Update

[Devin James]

During our monthly market study, Marion Oaks (Ocala) consistently stands out as the area with the highest demand for new construction housing.

Below are some of the markets we analyze, along with their average months of housing supply:

- Palm Bay: 3.4 months

- North Port: 4 months

- Port Charlotte: 5.4 months

- Marion Oaks: 2.2 months

- Silver Springs: 2.8 months

Study Criteria: Single-Family Homes Built in 2022 or later, 1400-2400 sqft.

**The monthly supply is averaged, and our study is conducted in 200sqft increments (1400-1600, 1600-1800, 1800-2000 etc.)**

Is it a coincidence that markets with lower home values are experiencing higher housing demand?