Central Florida Real Estate Market Recap of March 2022
Posted by Florida Realty Marketplace on
Central Florida Real Estate Market Recap of March 2022
March’s median home price was recorded at $361,000. This sets a record high for the second month in a row.
March 2022 Recap
State of the Market
- March’s median home price was recorded at $361,000, an increase of 4.6% compared to $345,000 in February 2022. This sets a record high for the second month in a row.
- Interest rates increased by 8.7% from 3.9% in February 2022 to 4.2% in March 2022.
- Overall sales in March increased by 28.2%, with a total of 4,100 sales compared to 3,198 sales in February 2022.
- Homes spent an average of 27 days on the market in March, down 10% from February 2022 when the average was 30.
- Inventory increased in March by 7.1% from…
43442 Views, 0 Comments