Nick Gerli, CEO and Founder of real estate analytics firm Reventure Consulting, has issued another troubling update on Florida's housing market—this time sounding the alarm about a collapse in demand across the Miami metro area. He described the plunge in sales as "breathtaking."

For the last few years, we've tracked the post-Covid surge in inventory hitting Sun Belt states, including this note from last summer: 

• Florida Housing Downturn "Keeps Getting More Intense By The Day"

This was followed by Gerli's report in late January: "My Favorite Housing Market Graph Right Now"...