Overall, home resales in Florida were up in 2018, but rising mortgage rates began putting a damper on sales even as housing inventory levels started to expand.
The second quarter and June numbers are in, and there are a few surprises, including a rebound in single-family sales and a steep drop in condo prices. Watch to see other Florida real estate trends. NEXT REPORT: August 21
April's market numbers show that the median sale price for single-family homes dipped 4% year-over-year—the largest such drop since 2011—while overall prices still remain significantly higher than pre-pandemic levels. NEXT REPORT: June 23