Real Estate Values In Florida Increased Year-Over-Year In 2022 More Than Any Other US State; Palm Beach County Florida and Boca Raton Area Saw Home Values Increase As Well -- Mike In Boca


 January 31, 2023

Florida Real Estate Values Grew More Than Any Other US State In 2022

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Florida was the top US state for price increases, according to real estate Website Zillow.com. 

The analysis by Zillow showed the average Florida home value increased 17.27% last year (2022) with an average value of about $405,000. 

A recent study was performed by Florida Atlantic University (FAU) in conjunction with Florida International University (FIU) and this was a quote from the study, ‘“it is hard to say where prices will go from here in Florida,” said Eli Beracha, Ph.D., of FIU’s Hollo School of Real Estate. “But it seems most likely that Florida housing markets will fare better than most other markets across the country due to the persistent shortage of homes for sale and the pace at which people are relocating to the state.”’

In our area, the local Realtors put out a snapshot report (above) that shows the average year-over-year increase for a single family home rose by 20.2% to $571,000 at the end of 2022 and condos/townhomes increased by 20.8% to $290,000 at the end of 2022 in Palm Beach County. 

In order to ensure you are getting a good deal, you need to work with a real estate professional who has intimate knowledge of your market, specific area and community. 

Schedule an appointment on my calendar

Delray Beach Single Family Homes For Sale


Michael Friedman

Broker-Associate, Realtor

eXp Realty

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