In Florida, the purchase of housing is over $ 400.000, the crisis worsens

According to a report from the trade group Florida Realtors, the median home price in Florida is rising to more than $400.000, making it harder for working-class residents to own homes.
According to the Orlando Sentinel, all 22 Florida Metropolitan Statistical Areas experienced home price increases over the past year, most in double digits, and prices continue to rise.

While the year-over-year increase statewide was 21.8%, according to the report. Only the Tallahassee metro area, with a median home price of $299,000, saw its price decline in February, which was $306,950.
The Orlando-Kissimmee-Sanford MSA had the sixth highest home prices with an average of $425,000, an increase of 23.9%. This is higher than the April report from the Orlando Regional Association of Realtors, which includes a broader coverage area than the MSA.
The report placed Orlando above the Tampa region, averaging $404,900, but below the Sarasota area's $500,000.
The highest median home price was in Naples-Immokalee-Marco Island, at $875,625, more than $300,000 over the next highest, Miami-Fort Lauderdale-West Palm Beach, which was $575,000.
The lowest was the South Central Sebring community at $250,000, still reflecting a 27.7% increase for the year.
Orlando-based real estate agent Vonda Fields said increases statewide are making it harder for clients to find homes, even in areas surrounding the city.
"It's raising the price of everything so that our typical populations of young families and seniors have to go further," he said. “And it keeps spreading, day by day.”

Median #home price in #Florida rises to $410,000 https://t.co/0LiT9xXFWA…
– news24miami (@Noticias24Miami) May 25, 2022

He mentioned that the median home price in Orlando is misleading for people looking to live in the city. “Finding a home for $425,000 that's livable and decent is hard anywhere in Orlando,” she said.
One positive sign Fields has seen is the increase in supply in the region, which has increased for the past two months in a row, according to the Orlando Regional Association of Realtors. Fields said he thinks that might be due to people's natural tendency to list homes in the spring and not a sign of a cooling market.
Inventory is held at about a month's supply in Central Florida. Six months of supply is considered a balanced market.
Florida Realtors list of home prices for MSA states:
Naples-Immokalee-Marco Island: $875,625
Miami-Fort Lauderdale-West Palm Beach: $575,000
North Port-Sarasota-Bradenton: $500,000
Cape Coral-Fort Myers: $470,000
Crestview-Fort Walton Beach-Destin: $425,000
Orlando-Kissimmee-Sanford: $425,000
Punta Gorda: $410,000
Tampa-St. Petersburg-Clearwater: $404,900
Port St. Lucie: $404,000
The Villages: $398,800
Sebastian-Vero Beach: $386,940
Jacksonville: $385,000
Palm Bay-Melbourne-Titusville: $360,000
Deltona-Daytona Beach-Ormond Beach: $350,000
Panama City: $348,987
Gainesville: $340,000
Lakeland-Winter Haven: $335,000
Pensacola-Pass-Brent Ferry: $321,400
Tallahassee: $299,000
Homosassa Springs: $295,000
Ocala: $277,944
Sebring: $250,000
Average sales price per month (last six months):
March 2022: $396,558
February 2022: $381,481
January 2022: $375,000
December 2021: $373,990
November 2021: $364,900
October 2021: $358,950
Source: Orlando Sentinel.

Miami Daily
Author: Carmen Medina 3:50 pm

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