If you need assistance, please call 941-799-9397

The Suarez Blog

Friday, March 10, 2023   /   by Joe Suarez

FHFA: Florida Claims Six of the Top Ten Metros for Price Increases

According to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI), U.S. house prices rose 8.4% year-over-year from the fourth quarter (4Q) of 2021 to 4Q 2022. However, in Florida, the average price increase was 15.2% - the highest of any state, with North Carolina following closely behind at 13.4%. In fact, Florida's 100 largest metros all ranked in the top 31 for price increases, with six of them taking spots in the top ten.

Bradenton in Florida took the top spot for year-over-year growth, boasting a 20.1% increase. Fort Lauderdale-Pompano Beach-Sunrise came in second place, with an 18.2% year-over-year increase. West Palm Beach-Boca Raton-Boynton Beach took third place, rising by 17.8% year-over-year.

In contrast, the District of Columbia saw a drop in housing prices by 0.8%. California, Idaho, Oregon, and Washington all had lower-than-average increases, with California only seeing a 2.3% rise.

FHFA's Dr. Polkovnichenko, supervisory economist in the Divisio; ...
Better Homes and Gardens Real Estate | Atchley Properties
Joe Suarez
6113 Exchange Way
Lakewood Ranch, FL 34202
941-799-9397

mls logo© 2024 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.7/25/2024 1:58 PM CST
This site powered by CINC: www.cincpro.com