The real estate market in Florida is quite dynamic right now. As of July 2024, home prices in Florida have increased by 1.3% year-over-year, with the median sale price being around $409,7001. The number of homes for sale has also risen significantly, up by 42.3% compared to last year1. This indicates a growing inventory, which could be beneficial for buyers looking for more options.
Some of the fastest-growing areas in terms of sales prices include Naples, Sunny Isles Beach, and Vero Beach South1. Additionally, the market is seeing a mix of behaviors with single-family homes gaining popularity while condo sales have slightly declined2.
Are you looking to buy or sell property in Florida, or just curious about the market trends?