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ased on Redfin data from November 2024, Florida's home prices rose slightly by 0.9% annually, with a median price of $408,400. With 24,135 homes sold across the state and a median days on market of 69, signs point to 2025 being an ideal time to buy in Florida for investment or homeownership.
Here are five reasons why 2025 is the year to buy in Florida:
The Florida real estate market is expected to reach stability by 2025, with modest appreciation thereafter. After rapid growth, appreciation rates will moderate to between 3 and 5% annually, making it a more predictable market for buyers. With prices only up 0.9%, you may be able to find something within your budget if you start looking now.
Florida's population has grown 5.1% since the last census in 2020, with over a million new residents. This influx of people is driven by Florida's perfect weather and lifestyle, leading to a high growth rate. The increased population indicates sustained demand for housing, providing long-term appreciation for investors.
A growing population is essential for real estate investment, as it signals an increase in housing demand in the future. With this demographic trend, it's wise to lock in your real estate investment sooner rather than later.
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