Tight Supply, High Demand Ramps Up Florida Home Prices

Source: Florida Realtors

ORLANDO—The Florida housing market continues to be impacted by low inventory, particularly in the mid- or affordable-priced levels. The short supply is causing home prices to rise in major markets throughout the state.

Sales of single-family homes statewide in the month of June totaled 27,836, down 1.3% compared to June 2017. The statewide median sales price for single-family existing homes was $260,000 last month, up 6.1% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in June was $190,000, up 7.5% over the year-ago figure.