2022 has been one of the most tumultuous years for real estate in the country, and Florida is an even more special case with so many migrants coming in. In this article, we’ll discuss home sales and real estate trends found in 2022 for Florida and what that may mean for you.
While tough for buyers, homeowners are generally sitting in a good place with the market with home values having risen almost 80% in the past five years. In August, it was reported that the median home sale price is around $402,000, a 12% increase since 2021. What is better compared to last year is state supply is up 88% for single family homes in 2022.
When it comes to location, Zillow ranked Tampa as the top real estate market for the entire country in 2022. The Florida market is heavily led by Tampa and Miami primarily. In terms of growth, Iona county’s average home sale price has risen nearly 71% since last year.
Daytona beach is also rising in popularity with an average home sale turnaround in 44 days. All this to demonstrate how popular the sunshine state has become over the past couple years!
We hope you found this information on real estate trends in Florida insightful! At AJS, we are committed to serving the Gulf Coast and beyond in moving, building, and leveling and we are here to help you and your properties. For lifting, construction, or moving, give us a call today to schedule a free consultation!