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Prices are rising in Florida: Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Florida cities make up 9 of the top 10 places for highest year-over-year list price spikes, based off of August data of 2.2 million listings in 146 markets.
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
1. Miami
Average list price: $640,332
Year-over-year increase: 27.4%
2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%
We are beginning to see more homes come on to the market this Summer. From May 1st, there were 138 newly listed homes with an average list price of $483,266.-
Overall, we are still in a Buyer's market with the absorption rate at approximately 51 total home sales per month which in turn determines 14 months of housing supply within the greater Flagstaff area.
However, looking closer at homes priced below $400K, there were approximately 9 months of supply with a median price of $279K.
Average sale price of single-family home in Flagstaff still hovers just below $300K, $299,689.-
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