Report Examines Migration Role in Fla. Prices
A Florida Realtors' three-part series shows how Florida’s newest residents, mostly working-age adults, drove up median home prices in some regions.
ORLANDO, Fla. — Between 2020 and 2022, Florida saw a surge of new residents who drove up median home prices over 50% in some areas. These younger, wealthier professionals relocated for remote work opportunities, tax advantages and the allure of a Sunshine State lifestyle.
In a newly released three-part series, Florida Realtors® economist and Director of Economic Development Jennifer Warner explores the factors behind the rise in median sales prices. The report focuses on regional trends and migration patterns. The information is useful for Realtors in Florida who want to take a deeper dive into the issues that have influenced home pricing.
- Part 1 looks at the migration trends that drove up Florida’s median home prices over 50% from 2020 to 2022. Read part 1 here.
- Part 2 analyzes how the income of new arrivals impacts the housing markets. Read part 2 here.
- Part 3 provides an analysis of the trends and the important findings. Read part 3 here.
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