The Unstoppable Florida Housing Market Has Finally Reached A Tipping Point

Since the pandemic, no state has gotten more attention for its astronomical rise in real estate prices than Florida.
The median home price in Florida right now is 404,100 per Redfin. As of Jan 2019 it was 241,400.
That’s nearly 70% appreciation in 5 years!
Overall, there’s a 20% year-over-year increase in inventory in Florida according to Redfin. For some areas, the increases have been way higher.
Overall, the story of Florida is similar to other parts of the country where some areas as still unbelievably hot while others are cooling.
Some parts like Palm Beach are still incredibly hot.
Buyers from NY are still flocking in and Palm Beach has seen a year-over-year increase in price of nearly 20% according to Redfin.
For the last 100 years, Florida has always been a boom-and-bust state when it comes to real estate.
Since the pandemic - it has had the biggest price gains in the county and also put Florida in the spotlight as the new capital of the world for business, leisure, and lifestyle. But things are finally changing.
In this video, we will look at Florida’s real estate market and discuss if it’s on the verge of a collapse.