Florida Realtors chief economist Dr. Brad O'Connor

ORLANDO, FL—The continued shortage of for-sale home inventory iscausing home prices in Florida to rise and is beginning to raisethe blood pressure of some frustrated home buyers.

The Florida Realtors trade group reports that the statewidemedian single-family home sale price rose 8.2% in March to $250,800and the townhouse/condo median sale price shot up 7% to $183,000 ascompared to a year earlier. The monthly sales results point to acontinued strong housing market in Florida. March was the 75thconsecutive month that the statewide median sales prices for bothsingle-family homes and townhouse-condo properties roseyear-over-year.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.