Will Florida home prices keep rising?
Over the past few years, home prices in Florida have skyrocketed.
Per Redfin data, in the middle of 2020, the median sale price was $275,600 — by April 2023, that figure had jumped to $400,800.
The state remains one of the top markets people move to, and its increasing population will likely keep the market robust.
In 2023, experts forecast that the Florida
home prices may fall down to 20%. Mortgage Rates Have Almost Doubled: Mortgage rates almost doubled from April 2021’s 3.12% to 6.27% for the week ending on April 13, 2023.
Sellers are Coming Back, but Slowly: The number of listings dropped by 14.9% in March 2023.
