The industry group Florida Realtors last week released a report showing the statewide median sales price for single-family existing homes in October was $410,000. Here were median prices in the state’s metropolitan statistical areas:
— Naples-Immokalee-Marco Island: $750,000
— Miami-Fort Lauderdale-West Palm Beach: $601,500
— North Port-Sarasota-Bradenton: $490,000
— Orlando-Kissimmee-Sanford: $445,000
— Port St. Lucie: $415,000
— Tampa-St. Petersburg-Clearwater: $407,400
— Cape Coral-Fort Myers: $400,000
— Crestview-Fort Walton Beach-Destin: $395,000
— Sebastian-Vero Beach: $391,150
— Jacksonville: $387,490
— Punta Gorda: $380,000
— The Villages: $379,950
— Deltona-Daytona Beach-Ormond Beach: $363,800
— Panama City: $360,500
— Palm Bay-Melbourne-Titusville: $355,000
— Lakeland-Winter Haven: $337,598
— Gainesville: $335,000
— Tallahassee: $319,910
— Pensacola-Ferry Pass-Brent: $316,810
— Homosassa Springs: $291,000
— Ocala: $290,000
— Sebring: $275,000
Source: Florida Realtors
Tallahassee MSA Single-Family Median Sales Price Ranks 18th added by Staff on
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Best way Florida can make home prices drop: Elect Democrats to run state government…ouch!
Instead of getting 800,000 new Floridians, many from Kali, NY & Illinois, they’ll be leaving for places like Tejas & Tennessee.
Prices are already coming down nationwide:
https://www.newsweek.com/house-prices-are-falling-are-buyers-biting-1847253
Now all that’s left is for Dementia Joe to order the Fed to let mortgage rates trickle down, claim he beat inflation, and fool the low-info voters (again).
It’s safe to say Tallahassee has some ‘affordable’ house prices because Tallahassee has no coastal property to drive prices higher and not much of a retiree influx to bring in buyers from other areas.
@David — back in the 80s there was an attempt to artificially make home ownership easier for lower include minorities (blacks). It was an utter failure that cost the banks and/or taxpayers a lot of money. One property that I was familiar with should have been the poster child for what was wrong with the program. A nice enough young couple wanted the house but didn’t qualify. Taking full advantage of their minority status the NAACP and their lawyers got involved. Not wanting a public battle with the NAACP the bank relented and lent the money to the couple. I don’t know where they got the down payment, but it was clear that the couldn’t afford the house. They never bought a lawnmower. The lawn grew so tall that it covered (and hid) a dead station wagon in the back yard. When the city had work “in the area” they’d mow the easement next to the street. The house fell into disrepair and need major renovation.
“Affordable Housing” is a double edge sword. It requires personal responsibility as well as someone else’s money.
Tallahassee: $319,910 ………………… I still would like an answer to what the City and County Commissioners think Affordable Housing costs for the Lower Income Family is. Low income is 50% of the Median Income in Tallahassee making it $28,000. What Bank is going to give someone a Mortgage for a $150,000 home if they are only making $28,000 a Year? There is a 3/1.5 Home in my Neighborhood that still has a Blue Roof from Hurricane Micheal, the house is full of surface mold, needs to be gutted and remodeled and it recently sold for $145,000.