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According to Chief Economist Dr. Brad O’Connor, rising mortgage rates continued to depress sales of existing Florida homes in May, based on the latest monthly housing statistics from Florida Realtors®.
It's Florida's busiest season for home sales, and a handful of factors, from mortgage rates to inventory, are making year-over-year comparisons difficult. Take a look to hear how things played out in March.
There may be some subtle signs of a slowing market, but even with that, demand for housing in Florida is still surging — and rising home and condo prices continue to reflect that.