Florida housing market turns a corner as sales, prices rise in March
Florida's median sale price for existing single-family homes sold in March was $420,000, the highest in 21 months. The 24,497 closed sales of homes for the month was up 5.9% from 23,128 a year ago.
Florida's housing market ended the first quarter on a roll with an uptick in both sale prices and the number of homes sold. The median sale price for existing single-family homes sold in March was $420,000, the highest in 21 months. The 24,497 closed sales of homes for the month was up 5.9% from 23,128 a year ago. Florida's population growth slowed after a surge of newcomers during the global COVID-19 pandemic. The state's housing market is showing a more balanced and sustainable direction with strong year-over-year gains in both sales and pending activity. The median sale price has remained above $400,000 for 37 consecutive months.
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