Fla.'s Housing Market: Median Prices Hold Steady as Pace Eases

Florida's housing market showed signs of leveling off in August after nearly a year of growth. Closed sales of single-family homes and condo-townhouses declined slightly year-over-year. Rising mortgage rates have slowed sales growth, but tightening inventory is keeping home prices steady, with median prices up 1.2% for single-family homes and 2.8% for condos. Supply remains limited, supporting price stability despite affordability challenges.