The median sales price for single-family existing homes in the state has increased by 1.9% compared to the previous year, reaching $410,000. This is according to the latest data released by the real estate industry. The rise in prices suggests a strong demand for homes, despite a decline in the number of sales.
In a report titled “Florida’s Single-Family Home Sales Down 10.3% for 2023,” it is noted that Florida experienced a decrease of 10.3% in single-family home sales during that year. The decline in sales could be attributed to various factors such as affordability concerns and limited inventory. However, the increase in median sales price indicates that the housing market in Florida remains resilient.
– Statewide median sales price for single-family existing homes reaches $410,000, a 1.9% increase from the previous year.
– Florida’s single-family home sales for 2023 decreased by 10.3%.
– Affordability concerns and limited inventory may have contributed to the decline in sales.
– Despite the decrease in sales, median prices have risen, suggesting a strong demand for homes in Florida.
You can read this full article at: https://wrenews.com/floridas-single-family-home-sales-down-10-3-for-2023/
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