CiSiCN
Send a Release
PR Newswire
Fla.'s Housing Market: Tight
Supply, Higher Median Prices
in Feb. 2022
FloridaRealtors
The Voice for Real Estate in Florida
NEWS PROVIDED BY
SHARE THIS ARTICLE
Florida Realtors
Mar 18,2022, 11:05 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
Realtors@' latest housing data
"February's statewide housing data follows the same trend we've been seeing for months:
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
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
days