The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the 11th consecutive month of YoY price gains.
New listings, median sales prices rose YoY for existing single-family homes, up 15.2% and 1.6% ($426.5K), and for condo-townhouse units, up13.8% and 1.5% ($330K).
The June HMI survey found 29% of builders cut prices to bolster June sales, the highest share since January 2024 (31%) and well above the May rate of 25%.
Price growth is slowing, thanks to a small uptick in new listings as elevated mortgage rates keep buyers at bay.
For the first time in state history, the median sale price for Florida exceeded that of the national number and has stayed there for several months.
Rising bond prices have pushed down treasury yields, which can ultimately drive down mortgage rates. But some investors say the relief could be short lived.
Learn as much as you can about the owner and home before the first meeting and make sure you know all of the local market trends.
Today (June 18) is the deadline for MLSs and brokerages to opt in for the NAR settlement. Read the important instructions below.
In Florida, the median home purchase price for millennials is $435,000, with median home values for all buyers at $425,000.
A tropical disturbance caused flash floods in South Florida. The disaster relief fund is available to Realtors, Realtor boards/associations and their staff.
