A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. These price increases are problematic for Floridians for a variety of reasons. There was a 96.6% sale-to-list price, down 2.4 points year over year. More than 6.7 million people live in the region, which encompasses more than 6,000 square miles and three counties: Miami-Dade, Broward, and Palm Beach. Cash Sales can be a valuable measure of the level of market participation by investors. Profitable properties produce positive monthly cash flow, so the annual rental income should cover your annual property expenses, and then some. Fannie Mae also anticipates that price growth will be slower than usual in 2023. They claim that the average home value will be $400,000 by the end of 2022. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. The number of New Listings put onto the market during the year was 366,296, -3.0% YoY. However, there are different perspectives considering the future of the housing market. Research shows more consumers are finding it difficult to make ends meet at the end of the month, and the share of adults able to save each month continues to shrink.. Thats good for long-term real estate investors who want limited vacancy. Location Data Jan 2023 Growth % YoY Florida $386,600 +6.1% Top 10 Metros in Florida with the Fastest Growing Sales Price North Fort Myers, FL 62.1% Coral Gables, FL 50.2% Sunny Isles Beach, FL 50.0% Altamonte Springs, FL 41.6% Davie, FL 31.9% Cocoa, FL 31.0% Highlands County had the highest unemployment rate (3.6 percent) in Florida in December 2022. Some sources are seeing growing evidence that the housing market is already turning into a buyers market vs. a sellers market. It also included a panel of Realtors who use Florida Realtors SunStats resource regularly, sharing how it helps them in their business. [CDATA[// >