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Housing Bubble Watch – Florida Real Estate Report, Sellers Cut Home Prices: Orlando, Tampa, Miami

Housing Bubble Watch – Florida Real Estate Report, Sellers Cut Home Prices: Orlando, Tampa, Miami

Housing Bubble Watch – Florida Housing Market Update: In January 2019, statewide median home sales price of single-family homes and condo-townhouse properties increased year-over-year for the 85th consecutive month. Statewide the median sales price for single-family existing homes came in at $249,900, up 4.1 percent from the prior year, according to data from Florida Realtors. Last month’s statewide median price for condo-townhouse apartments was $182,500, up 2.8 percent over the previous year. The median is the midpoint where half the homes sold for more and half for less. A few select cities did see year-over-year price declines while others saw 10% and higher annual price growth, as outlined in the video report.

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