There are more properties on the market across Florida, according to the latest statistics from Florida Realtors. However, the rate of inventory growth has slowed considerably.
April's market numbers show that the median sale price for single-family homes dipped 4% year-over-year—the largest such drop since 2011—while overall prices still remain significantly higher than pre-pandemic levels. NEXT REPORT: June 23
March closed sales of single-family homes slipped just 1.3% year-over-year, while pending contracts actually rose by over 0.5% amid 30-year mortgage rates averaging about 6.75%. NEXT REPORT: May 22