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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 hcusing inventory, rising mortgage rates ard home prices
cortinued t0 impact Florida's housing market in February, siowing closed sales and pushing median prices to increase
compared to a year ago,accordirg to Florida Realtors@' latest housing data.
"February's statewide hcusing data follows the same trend we ve been seeing for ronths: & limited supply of for-sale
inventory, high buyer derand and rising prices;" said 2022 Florida Realtors Presidert 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 urder contract very quickly: The median time t0 contract statewide for single