Top Small Teams in Florida – Ranked By Sides

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2022 Market Summary

Florida started 2022 with a total of 25,153 single-family homes on the market, with a median home price of $450,000 and an average price per square foot of $344. By the end of the year, inventory had increased to 53,362 homes on the market (+112%), with a median home price of $480,000 (+6%) and an average price per square foot of $355 (+3%).

At the start of 2022, the median days on market (DOM) was 42 days – by the end of the year, median DOM had increased to 70 days.

Florida started the year with 20% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 42% of Florida homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Florida started 2022 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 32 – a balanced buyer and seller’s market.

This market summary is powered by Altos Research – click here to run a free report for your area.

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