Florida’s Median Prices Were Up, While Supply Were Tight in March

Miami, Tampa, Orlando

2022/04/26

FL's housing market in March and Q1 2022 showed the impact of rising rates, increased home prices and a shortfall of for-sale supply. The continued limited supply means that homes are selling at a fast pace. The median time to contract statewide in March: Single-family: 9 (compared to 15 YoY) Condo-Townhouse: 11 (compared to 32 YoY) Experts believe that now more than ever, consumers can benefit from the expertise of local REALTORS®, who can guide them through current market conditions.