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Fla:'$
Housing Market: Tight
Supply; Higher Median Prices
in Feb. 2022
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Florida Realtors
Mar 18,2022,INOSET
ORLANDO Fla, March18,2022 PRNowswirel
The lack of housing inventory rising morlgage
Tatesand
home prices continued to impact Florida's housing market in February, slowing closed
salesand pushing median prices to increase compared to ayearago,according to Florida
Rcaltors0' latest housing data
"Februarys statowidehousing data follows the same trend weve been sceingfor months:alimited
Supplyoffor-sale invenioryhigh buyer derard and rising prices" said 2022 Florida Reaitors
President Christina Pappas; vice presidentorthe Keyes Family of Ccmpanies in Miami "Hore
prices continueto be impacted bythis shorfall in inventory When homes are available for sale;
theyre gcing undercontract very quickly The median time to contractstatcwidefor single-Tamily
existing homes in February was 12 days compared to 21 days duringthesame mcrthayearago
Andthe median time to ccntract iorexislirgcondo-townhouseunits was 1 davs comparedto 38