Fla.’s Jan. Housing: Median Prices, New Listings Up

Florida Realtors: Fla.’s single-family median price up 3.8% ($405K), condo median up 3.2% ($320K). New listings and inventory levels up in both property categories.

Florida Realtors has released their housing numbers for January 2024 and the headline says it all.

But on the same day, we got news that lending rates have inched up closer to 7%. How will this effect the market?

We may have to wait until March or April as rates only started back up in the past couple of weeks. Existing pending sales will not tell us the direction of prices until they close in the next 30-60 days.

But experts have speculated that the Fed won’t touch the prime rate until March or even May as he waits to allow the market to find a settling point.

I've attached a link to the entire article from Florida Realtors:

Median Prices Up

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Fla.’s Jan. Housing: Median Prices, New Listings Up

Fla.’s Jan. Housing: Median Prices, New Listings Up

Florida Realtors: Fla.’s single-family median price up 3.8% ($405K), condo median up 3.2% ($320K). New listings and inventory levels up in both property categories.

I've attached a link to the entire article from Florida Realtors:

Median Prices Up

Home Sell and Save, LLC. offers Flat Fee listing services with Virtual Broker Support to help homeowners SELL their home and SAVE. You pay only for the services provided; not for a promise to provide them.

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