Miami, Florida: Home sales in Miami have been increasing over the past year, with the median price of a single-family home up to $545,000, from $520,000 in January 2022. The average days on the market are currently 77 days.
Jacksonville, Florida: Real estate prices in Jacksonville have been steadily increasing over the past year, with the median price of a single-family home up 4.9% to $299,900 in 2023. The average days on the market are currently 39 days.
Fort Lauderdale, Florida: Last February, the average price for a house listed in Fort Lauderdale was approximately $600K, making it one of the leading cities with an annual rate of increase at 11.1%.
Orlando, Florida: In February 2023, the median price of a home in Orlando skyrocketed 9.2% from the prior year to $345K. On average, homes sold after 40 days which is a 27-day increase from last year’s 13-day wait period.
Tampa, Florida: Home prices in Tampa, FL, have continued to rise steadily; as of February 2023, the median listing price was $394.9K – a 5.3% year-over-year increase! Additionally, this number translates into an estimated median home sold price per square foot of around $251. The overall median sale value rests at roughly $375K for that same month.
South Florida: In January 2023, the median property cost in Florida escalated 6.1% year-over-year to a total of $385,700. Unfortunately, the number of homes sold decreased significantly from 33,252 sales last year to 21,512 this year – representing an impressive 35.4% plummet compared to January 2022 figures.
