Posted 4/4/2024, 8:41:54 AM
Florida Home Prices Cooling After Rapid Growth, Opening Window for Buyers
- Florida home prices are still high but growth has slowed, presenting an opportunity for buyers
- Average home value in Florida peaked at $385,360 in September 2022, has dropped slightly, but is climbing again
- Zillow predicted a softening of prices in Florida in 2024, improving affordability
- Realtor says now is the time to buy as inventory is up and rates not expected to rise
- Motivated sellers and price reductions signal an opportunity, but high prices and insurance still a barrier