South Florida's housing market strongly favors buyers, with Miami having 9.7 months of supply, indicating a slow market. A market with six or more months of supply benefits buyers by giving them more negotiating power. Miami's median listing price dropped 4.7% to $510,000. Orlando, Tampa, and Jacksonville also show buyer-favored markets, with 6.9 and 6.3 months of supply respectively, and Orlando's median price fell 3.4% to $429,473.
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