MEDIAN SALES PRICE

By the end of 2022, slightly more than 33,000 singlefamily homes and condos were listed along the east coast of Florida. Since the close of 2021, single-family home listings have increased by 66% and condo listings by 32%. Despite the surge in listings, the number of available homes remains lower than the historical average. By region, listings increased in southeast Florida and decreased in northeast Florida. Pricing trends for listings varied as well, with the average price of a listed single-family home up by more than 10% in 2022 while the average price of condo listings declined by 3%.

Despite the slower market conditions than the previous year, market activity held up throughout much of the region in 2022. Buyers will adjust to higher mortgage rates and the rebounding equity markets may help fuel cash transactions. A full recovery of international buyers, held back by several factors, including a strong dollar, would boost sales in the coming year.

FLORIDA’S EAST COAST $445,000 -1%