The Florida Real Estate Market Is Going Bonkers – Again!

Posted: April 2, 2021 | Source: business.observernewsonline.com

While Florida home-and-condominium-sale prices have increased for 112 consecutive months, the trend has exploded in the past year due to several factors including lower mortgage interest rates and the Covid-19 Pandemic. In a new report from the Florida Realtors Research Department, the statewide median sales price in February for single-family existing homes was $314,900, an increase of 16.6% from 2020. The median price for Florida condos and townhomes was $233,240, also up 16.6% over 2020.