AVERAGE SALES PRICE BY COUNTY

FLORIDA’S EAST COAST

The median price of transactions closed in 2022 was higher than in 2021, with the median for single-family homes up by 15% and condos 17% higher. Much of the increase in pricing occurred through the summer, with some softening in the second half of the year. Price gains in Clay and Flagler counties paced the northeast coast. At the same time, Palm Beach County singlefamily and Brevard and Martin condos outperformed along the southeast coast.

Buyer demand was resilient in 2022 in the face of headwinds and competition for homes in prime neighborhoods persisted. The average time on market of a sold home in 2022 was 40 days, more than 10 days fewer than in 2021. Time on the market less than 60 days typically indicates a seller’s market. Singlefamily homes sold in less than 35 days, on average. The average condo unit sold in 2022 was listed for less than 47 days, a sharp decline from more than 70 days in 2021.