The chart above for single family homes, from Miami to West Palm Beach, from January 2020 to August 2022, shows it.
Green are Median Selling Prices in USD, blue shows the gap between Asking and Selling Prices in %. Both lines are pointing south for both July and August.
With rising interest rates, the slower home-buying season beginning and more properties coming to market, this trend will likely continue for a while.
For more detailed market data incl. for modern architecture or with your questions contact me anytime please.
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Tobias Kaiser works as an independent real estate broker and consultant in Florida since 1990. Always putting his clients' interest first, he specialises in modern Florida homes and architecture, as well as net leased investments.