With 8.1 months of inventory, Florida City is currently in a buyer's market. The median home price of $395,490 represents a moderate 6.9% increase from this time last year. With 8.1 months of supply, Florida City's inventory levels remain relatively tight. Homes are now taking an average of 80 days to sell, significantly longer than the 38 days typical for this market. A significant 22.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Florida City market with the affordability index at 259.3. Looking ahead, the Florida City market is expected to maintain its current trajectory with relatively stable conditions.
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