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Fla:'s
Housing Market: Tight
Supply, Higher Median Prices
in Feb. 2022
FloridaRealtors
The Voice for Real Estate" in Florida
NEWS PROVIDED BY
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Florida Realtors
Mar 18,2022,11.05 ET
ORLANDO, Fla, March 18,2022 /PRNewswirel
The lack of housing inventory,
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 ayear ago, according to Florida Realtorso' latest housing data
"February's statewide housing data follows the same trend weve 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 are available for sale; they're going under contract very quickly: The median time to contract statewide for single-
family existing homes in February was 12
compared to 21 days during the same month ayear ago. And the median
time to contract for existing condo-townhouse units was 14 days compared to 38 in February 2021,
"In fast-moving market conditions like this, the expertise and knowledge of a local Realtor can help homebuyers and
sellers successfullv naviaate the process
rising
days