Continuing trends from the final few months of last year, Florida’s housing market started 2023 with higher median prices and more inventory (active listings) in January compared to a year ago.
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.