A new study finds that the property market in Florida has reached a record high.
According to the study, the median price for a single-family home in the state is now $2.8 million, up from $1.9 million in 2013.
Florida homeowners are now buying more homes than ever before, and the number of homes purchased has risen by 24 percent from 2013 to 2018.
And, despite the fact that the median house price has risen at an average annual rate of 3.3 percent over the last four years, the average price of a home sold in Florida rose by only 2.7 percent in that same time period.
But the study also found that median home prices have actually decreased over the past five years.
In fact, Florida has lost nearly three-quarters of its value since 2007, according to the report.
The median house value in the Sunshine State is now only $400,000, up $1 million from $300,000 in 2013, according the report from the Center for Real Estate Research at the University of Florida.
And while the number and type of homes being purchased in Florida may have changed over time, the real estate market has stayed remarkably flat over the same period.
The report also found a lot of people in Florida are still buying homes, and that is the real reason the median home price has continued to climb.
“Florida’s property market has seen a remarkable run of record value, and it is likely that the continued expansion of property values is partly due to a continued increase in home sales, driven by record demand and strong supply, according [to] the report,” the study said.
The report, titled “Florida: A New Home for All,” was conducted by the Center For Real Estate Researches, which also released a report last week highlighting how Florida is becoming the most expensive place in the country to own a home.
Florida is ranked No. 5 for the cost of owning a home, and Florida has been the state that has seen the largest percentage increase in median home values over the years.
And despite the report showing Florida is a hotbed for home sales and prices, the Florida median home value fell by almost a quarter from $2 million in 2012 to $1,800,000 by 2018.
But there is hope for homeowners.
As the report notes, the current state of the market could potentially bring home buyers with a lot more money.
The study also noted that Florida homeowners have been able to “generate significant savings by shifting to the low-cost, lower-cost home ownership that has proven to be the most successful way to diversify and reduce their risk profile.”
In fact, the researchers found that more than one in four Florida homeowners who had a home purchase in 2017 reported that they had an additional source of income that supported their home purchase.
The researchers also found Florida homeowners “are able to pay for their home with lower income and/or less income than their peers in other states.”
As the report points out, Florida homeowners can also be more secure by staying in their homes.
“In contrast to most other states, Florida’s homeownership rate is above 70 percent, while it is below 70 percent in the nation as a whole,” the report said.
In a separate report released Monday, the Federal Reserve released its latest housing outlook report, which was also full of interesting facts about Florida.
The latest housing figures show the state has one of the highest median home ownership rates in the US, and is the home to one of America’s fastest-growing populations.
There are more than 2.3 million homeowners in the U.S., and more than 3.8% of all Florida homeowners were new home buyers.
According the report, Florida is one of only three states in the South to have an average home price of more than $300 million.
Florida has also seen a record number of people move to the Sunshine state over the next five years, as well as the fastest growth in the number who have moved to the state since the Great Recession.