According to the National Association of Realtors, the median price of a home in North East Florida in January was $338,995. As a result, prices could flatten or decrease in the Florida housing market. Overall, Florida's housing market has undergone significant shifts in the last few months, with . The state of Florida's housing market now and into 2023 (This article was originally published in 2020. With over 200 days of sunshine every year, Florida is the perfect place to be throughout the calendar. Overall, real estate is a safe bet because over time, it always appreciates - regardless of recessions and other economic concerns. The median home price in Florida is around $225,000, which is quite affordable. Be on the lookout for high demand for medical office properties as well as education locations, including private schools, colleges and technical training facilities. Whether youre a buyer or a seller, you should weigh the potential costs of waiting, and keep in mind that the market may not shift in your favor. Technology is transforming the real estate industry, and Florida is no exception. This means that you can expect a return of around 8.5% per year on your investment. Sellers who are intent on selling and maximizing their profit should consider working with a brokerage charging a more fair 1% listing feelike Houwzer, preparing their home by taking care of cosmetic issues, and making sure the photography of their home showcases it to its fullest potential so that the home sells quickly - and for the highest possible price. There are also many different types of homes available to purchase in Florida (from condos on sandy beaches to luxurious mansions) so theres something for everyone. Identify suburban growth areas. Skyrocketing housing prices have made it increasingly difficult for many to buy a home, and yet there are plenty of buyers who are willing to pay inflated prices, perpetuating a continual cost increase. Tell them about local, state and federal programs that could help them financially, like Floridas Hometown Heroes plan, which can provide down-payment and closing-cost assistance.. This includes housing, health care, and general day-to-day expenses. [CDATA[// >