Single-family homes are a massive industry in Florida. If you’re a Florida homeowner, you might not appreciate just how much your home is a valuable asset. In the decade after the 2008 financial crash, home values in Florida have skyrocketed. If you’re looking to learn the value of your home, you’re in the right place. The expert agents at David Curri Real Estate Group understand everything that goes into evaluating a home and can provide you an estimate in no time.

Florida Home Value

Property values in Florida have consistently risen in recent years, across many metrics. It’s a good time to sell your home, but many experts predict that it will remain a seller’s market for years to come.

Home Value is On the Rise

From 2012 to 2020, the value of real estate in Florida has grown astronomically. Overall, the median value of a home in Florida is close to $240,000. It should increase by at least 3.6% in the following year, as well. Individual home sales are even more valuable than the average, as well.

Sales are Increasingly Valuable

While the average Floridia home is worth about $240,000 as of 2020, home sales have been much more valuable. As of 2019, the median price that homeowners sold their homes for is $264,000. This is up from a median sale price of $145,000 in 2012.

Sale Volume of Florida Homes

While the value of home sales in Florida has grown greatly, the competition has grown too. In 2012, Floridians sold a little over 200,000 homes. As of 2019, Floridians are selling almost 300,000 homes a year. The average time on the market is close to three months, and many listings see a price cut before selling. Turning to an expert realtor to assess the value of your home and market it can help you avoid these pitfalls.