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Florida Realtors chief economist Dr. Brad O’Connor Florida Realtors chief economist Dr. Brad O’Connor

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

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

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John Jordan

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

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