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Rising residential real estate inventory levels are resulting in softer home prices across the state of Florida. While prices rose an adjusted 0.19% nationally in September, they fell across each of Florida’s nine largest markets by 0.25% or more, according to global technology and data provider Intercontinental Exchange’s ICE Mortgage Monitor Report. The report was based on the company’s mortgage, real estate and public records data sets. Cape Coral saw the largest decline, with prices falling by a full percentage point in the month. It was followed by North Port, which saw a 0.9% single-month decline, and prices are now 7% and 6% off their respective recent peaks. Prices fell by 0.3% or more in Jacksonville, Deltona, Tampa, Palm Bay, Lakeland, Orlando and Miami.

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