Just in! Year-end 2022 reports have been released from Florida Realtors® detailing recent real estate activity. The reports compare year-over-year data. Here are statistics on single-family homes.

In 2022, the median sale price soared to $571,000, up 20.2%. Inventory continued to rise, with the year-over-year supply of inventory reaching 3.2 months to close out the year.

"There's no doubt inventory has been the keyword in 2022 for South Florida's real estate market! Palm Beach County saw an increase of 190.9% year-over-year. With this trend, we are seeing that the market is changing. With growing inventory and new construction rising, buyers undoubtedly have more options," said Chris Krzemien, President of Broward, Palm Beaches & St. Lucie Realtors®.

Contact a local Realtor® today — Realtors® are the market experts and your advocates in the home buying or selling process. Learn more about how Realtors® can serve your needs at OnlyARealtor.com.

View Reports: Single Family | Townhomes/Condos

About Broward, Palm Beaches & St. Lucie Realtors®

Broward, Palm Beaches and St. Lucie Realtors® is South Florida’s premier REALTOR association. More than 42,000 members in eight locations are equipped to sell real estate along 130 miles of coastline in South Florida and the Treasure Coast. Broward, Palm Beaches, St. Lucie Realtors® work to enhance its members' ability and opportunity to conduct business professionally, ethically and profitably throughout their career. As the third largest local association in the nation, the association empowers members as leaders and influencers in the industry and community. Broward, Palm Beaches and St. Lucie Realtors® is the local chapter of the National Association of REALTORS® To learn more visit, RWorld.com