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June Newsletter

Summer Dreams Begin In June at the Coast

Published on June 5, 2024 by Helen Meeks

The demand for Florida real estate has been very strong over the past few years, but in early May of 2024 the Florida market is undergoing a healthy rebalancing with the higher interest rates and a greater number of homes now spending more days on the market. As the median price of a Florida home just achieved an all-time high in March, combined with 7%+ mortgage rates and rising home insurance costs, some buyers are now becoming more challenged with overall home affordability. At the end of March 2024, the median single family Florida home price was $421K and this represents a 4% year-over-year price increase.

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Property information provided by the REALTOR'S® Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

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