As Florida sellers slash the prices of their properties in an attempt to attract reluctant buyers, local realtors say this might be the right time to purchase a home in the Sunshine State.
Read more: How To Sell Your Home
As of February 29, the average Florida home value was $392,306, up 3 percent over the past year, according to real estate company Zillow. That was above the national average of $347,716, up 3.6 percent year-on-year.
While home prices in the Sunshine State remain high compared to the country level, the vertigo-inducing growth that characterized the pandemic year has lost pace, presenting a good opportunity for aspiring homebuyers waiting for the right time to buy.
The state’s housing market has experienced an explosive boom…
