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Fla 's Housing Market: Tight
Supply, Higher Median Prices
in Feb. 2022
FloridaRealtors
The Voice for Real Estate in Florida
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Florida Realtors
Mar 18,2022,1105 ET
ORLANDO, Fla, March 18,2022 [PRNewswirel
The lack of housing inventory, rising mortgage
rates and home prices continued to impact Florida's housing market in February, slowing closed
sales and pushing median prices to increase compared to a year ago, according to Florida
Realtorse' latest housing data:
"February's statewide housing data follows the same trend we've been seeing for months: a limited
supply of for-sale inventory; high buyer demand and rising prices;" said 2022 Florida Realtors
President Christina Pappas, vice president of the Keyes Family of Companies in Miami: "Home
prices continue to be impacted by this shortfall in inventory: When homes
available for sale,
theyre going under contract very quickly: The median time to contract statewide for single-family
existing homes in February was 12 days compared to 21 days during the same month a year ago.
And the median time to contract for existing condo-townhouse units was 14 days compared to 38
are