August was another strong month for Florida's real estate market, with single-family home sales holding steady and condos/townhomes remaining the hotter segment.
As 2022 ended, Florida’s housing market looked similar to the more traditional pre-pandemic market years in terms of total closed sales, though it fell short in the year-to-year compared to the unusually strong 2021 sales.
While the effects of higher mortgage rates were felt across Florida during November, a long-waited-for boost in inventory helped ease house hunters' frustrations.
Year-over-year numbers don't tell the whole story of what's happening in Florida's housing market. Metrics from the second half of 2022 show a market that remains strong, despite higher home prices and mortgage rates.