Florida Realtors chief economist: Expect Fla. housing to return to a more traditional market like in 2018-2019 as supply and demand become more balanced.. Now, we expect the states residential real estate market to return to a more typical pace, he said. All told, it has been a chilly real estate market in 2022 due to a perfect storm of rising mortgage rates, sellers waiting on the sidelines to list their homes until market conditions improve, and buyers not being able to afford the same home they could afford a year ago. Jennifer Warner, Florida Realtors economist and director of economic development, served as the moderator. The median price of a home in the United States is currently $386,500. Considering the most recent twelve months tracked by them (2021 Q3 2022 Q3), Florida's home appreciation rates continue to be among the highest in the United States, at 26.35 percent. Even better, Lehigh Acres is conveniently located with an easy commute to Fort Myers where both the population and job opportunities have been growing. In fact, single-family housing starts fell 4.3% in January and building permits were down 1.8% compared to the previous month, according to latest data from the U.S. The median price of an existing condominium rose 14% annually, from $263,125 to $300,000. //-->