Southwest Florida housing market still seeing a home price correction—how much lower will prices drop?

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Back in 2023, this single-family home at 19374 Rizzuto St. in Venice, FL (34293 ZIP Code) was purchased for $565,000. By the time the transaction closed, the housing market had already begun to enter a period of cyclical cooling—with Florida seeing a sharper power swing to buyers and some pockets of Southwest Florida moving into what ResiClub considers “correction mode.”

By February 2025...