Florida's once-unstoppable housing market has tipped into what analysts are now openly calling a meltdown, with inventory levels in cities such as Cape Coral, Tampa and Jacksonville climbing to their highest levels since the aftermath of the 2008 crash. Active listings in several metro areas have risen by more than 40% year-on-year, while median time on market has stretched past 60 days in some counties — a dramatic reversal from the frenzied bidding wars of 2021 and 2022. For UK investors who piled into Florida property during the pandemic-era boom, drawn by strong dollar-denominated rental yields and a seemingly endless wave of domestic migration, this correction is a sharp reminder that even the most fashionable markets can turn quickly.