Are real estate prices dropping in Florida?
Overall, the Florida housing market is still pretty hot and is expected to stay that way throughout 2022. This is great if you’re a seller because it means home prices are going up and there isn’t much selling competition—so you get the luxury of choosing from the best offers on your timeline.
Is it a good time to buy a house in Southwest Florida?
According to Florida Realtors, sales volume of single-family homes has increased by 16.9% while median sales prices are up by 24.6%. Southwest Florida is seeing a housing construction boom, as developers strive to keep up with demand.
Will home prices drop in South Florida?
Home prices in South Florida are finally falling. Last month prices fell in Miami-Dade for the first time since 2021, and prices in Broward have dipped for the first time in months. For those who have been waiting for the market to cool down, this is great news.