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Fla:'s
Housing Market: Tight
Supply, Higher Median Prices
in Feb. 2022
FloridaRealtors
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 [PRNewswire/
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 Realtors@' 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 are 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 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 successfully navigate the process.
Money
The