Florida is ranked #31 in affordability, indicating that it has one of the least affordable housing markets among the fifty states. Residential Real Estate Investing: Which Is Right for You? Wall Street bank Goldman Sachs has issued a forecast for the housing market too. ORLANDO, Fla. What should consumers, Realtorsand policymakers expect when it comes to Florida real estate over the next year? But it will likely take They claim that the average home value will be $400,000 by the end of 2022. The evidence shows that real estate markets can change dramatically in a year. Its going to take a prolonged period of real wage growth and fairly stable policy outcomes for consumers to feel more comfortable and confident about the economy and their future. All ten Florida markets covered in the analysis are overpriced by more than 13 percent. It will be more difficult for homeowners to move up to a more costly property or use their home's equity to fund their expenditures. WebReal Estate, Homes for Sale, MLS Listings, Agents | Redfin In the long run, it is hoped that higher interest rates would result in more days on the market (which gives buyers more choices). Theycan also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. The Miami market, which encompasses Miami-Dade, Broward, and Palm Beach counties, was identified as having the highest premium paid by renters. Highlands County had the highest unemployment rate (3.6 percent) in Florida in December 2022. Within Florida, Tampa Bay has one of the most overpriced housing markets in the nation, according to new research from Florida Atlantic University. At the same time, the number of homes sold fell 35.4% and the number of homes for sale rose 34.4%. For more information, please read our, Florida Housing Market Predictions for 2023, How to Invest $1,000: 8 Best Ways to Invest Right Now, How to Invest 50k: The Best Place to Invest Money Right Now, How to Know If a Company or Fund Is Really ESG, How to Diversify Your Investment Portfolio, Stansberrys Investment Advisory Newsletter, Motley Fool vs. Jim Cramers Action Alerts Plus, Motley Fool Stock Advisor vs. Rule Breakers, The Motley Fool vs. Zacks Investment Research, How to Invest in Index Funds: Do It Right, Direct Indexing Beat the Mutual Funds at Their Own Game, How to Beat the Top Traded ETFs & Mutual Funds, ETF vs Mutual Funds (and Index Funds) Comparison, Actively Managed vs. Passively Managed Funds, Should You Invest in Bitcoin? The average monthly rent in South Florida increased to $2,846, despite historical data indicating that the average should be just $2,331. Lakeland ranks 12th nationally, and second in the state, with homes overvalued by more than 53.2%. Lower supply and higher demand create higher prices. Leer leads global economic research and oversees the firms economic data collection, validation and analysis. Florida home sales dropped in most price segments in 2022. With mortgage rates finally beginning to ease in the U.S. economy thanks to the Federal Reserve slowly taking its foot off the gas pedal, now could be the time to jump in and find your dream home. The median number of days between the listing date and closing date for all Closed Sales during the month was 56 Days, 1 day more than the previous year. The number of property listings active at the end of the year was 65,786, +116.8% YoY. This leads to an increased demand for housing, making it a prime location for real estate investment. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. When house prices are as high as they are now, increases in mortgage rates and homeowners insurance might have a major impact on a homeowner's monthly payment and drive affordability out of reach. The average sale price per square foot in Venice is $288, up 14.5% since last year. Existing home inventory (not including brand-new home builds) dropped a little to 1.28 million at the end of August 2022, which is about the same as August 2021. WebThe median price of a home in the United States is currently $386,600. At 57 percent overpriced, the Homosassa Springs Metropolitan Service Area (MSA), which encompasses Citrus County, took the top rank. over year. 30251 Golden Lantern, Suite E-261 The event was part of this years Florida Realtors Mid-Winter Business Meetings at the Renaissance SeaWorld Orlando. There are currently 135,532 residential homes for sale in the United States.. Profitable properties produce positive monthly cash flow, so the annual rental income should cover your annual property expenses, and then some. Is House Flipping the Right Investment For You? Additionally, Florida's job market is diverse and growing, which attracts new residents and supports the demand for housing. Homes in Sebastian receive 3 offers on average and sell in around 68 days. The median price of a home in the United States is currently $386,500. This diversified economy can help insulate the state from economic downturns, which can be beneficial for real estate investors. Due to a variety of variables, the housing market in Tampa has outpaced many others, including a large number of potential buyers, a scarcity of supply, strong property sales, and an active employment market in the area. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. While were seeing in the news that inflation is starting to cool, inflation is still impacting consumers, he said. They still feel and see that inflation is costing them more. It has been tough sledding for homebuyers this year. Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments a nationwide provider of turnkey cash-flow investment property. On average, homes in West Palm Beach sell after 58 days on the market compared to 46 days last year. Considering that historical results dont guarantee future performance, we thought now would be an excellent time to explore the housing market trends and predictions for the next five years: 2023 to 2026. His mission is to help 1 million peoplecreate wealthandpassive incomeand put them on the path tofinancial freedomwith real estate. In January 2023, home prices in Florida were up 6.1% compared to last year, selling for a median Their cost of living score is 95.8, which means its about 5% less expensive to live in Lehigh Acres than anywhere else in the country. Housing prices are beginning to flatten but continue to resist declines as buyer interest perks up, he said. The number of sales transactions closed in 2022 was 287,352, -18% year-over-year. Palm Beach sold 15,118 single-family homes in 2022, the 9th-most in history. In addition, a mere 8 percent of poll participants expect the housing market to largely favor homebuyers in 2026. The median home price is $303,789 which means the rent multiplier is just under 0.6. WebThe states with the highest increases year over year were Florida (18%), South Carolina (13.9%), and Georgia (13.6%). 30251 Golden Lantern, Suite E-261 Jennifer Warner, Florida Realtors economist and director of economic development, served as the moderator. Housing Market Predictions for the Next 5 Years. It's important to note that property prices can vary widely depending on location and property type. As it tries to withdraw that support, it could be bad news for housing but will it lead to a crash? So its true some owners are feeling locked-in to their current home and current mortgage rate, but its not all homeowners. With year-round sunlight (giving it the nickname The Sunshine State) and world-class amusement parks, Florida is a popular worldwide tourist destination. In December 2022, the median price of a single-family home in Palm Beach County climbed by 3.8% from $525,000 to $545,000. Hes also the host of the top-ratedpodcastPassive Real Estate Investing. Fundrise vs. Realty Mogul vs. Crowdstreet, Modiv vs. Fundrise vs. PeerStreet Comparison, While most real estate is overvalued right now, Florida is one of the best states for real estate investors, Rental property investors looking for continued population growth, healthy job market, low cost of living and increasing rents should consider Florida, Three of the best investing markets are Palm Bay, Lehigh Acres and Spring Hill, What Rental Property Investors Should Look For In A Rental Market. We expect to see consumers continue to draw back from spending as small business and other sectors reduce hiring, expenditures and otherwise also contract.. 50% of sales were above and 50% of sales were below) was $402,500, +15.7% YoY. If that happens from 2025 through 2027, look for home prices to start rising again by approximately 1% to 2% above the current inflation rate. The average months of supply is 5 months, up 3 year over year. For more information, please read our. Panelists were. Research shows more consumers are finding it difficult to make ends meet at the end of the month, and the share of adults able to save each month continues to shrink.. As the name implies, Lakeland has many lakes and its also an easy drive to the eastern shore which makes it a desirable place to live. A 2022 Zillow poll suggests that housing inventories will strengthen by 12 percent in 2025, which would undoubtedly give buyers more leverage. Youve probably noticed that the housing market across the nation is overvalued. There were 271,000 jobless Floridians out of a labor force of 10,761,000. I believe 2023 will look more like the traditional housing market years of 2018-2019 in Florida as supply and demand become more balanced.. Sebastian, Florida: The Sebastian housing market is somewhat competitive. Pending Sales are considered to be a decent indicator of potential future Closed Sales. They. Investors can earn rental income and gain property value via vacation rentals. While it may seem like thats a small drop in the rent multiplier for Florida, its actually on par or better now. Housing Market Predictions 2023: Will Home Prices Drop in 2023? However, there are different perspectives considering the future of the housing market. The number of newly listed homes was 37,863 and down 8.6% year over year. In the Lakeland-Winter Haven metro area, the population climbed from 729,233 in July 2020 to 753,520 in July 2021. The average homes in Sebastian sell for about 3% below the list price and go pending in around 68 days. Demographics: South Florida's population is growing and is expected to continue to grow in the future, which is a driver for housing demand. Nationally, Zillow forecasted a 14.3 percent growth in home value through November 2022, with the top 10 markets expected to exceed that number. The average homes in Marco Island sell for about 5% below the list price and go pending in around 73 days. The rent multiplier is a healthy 6.3 and the cost of living comes in at 86.4 which is about 13 percent lower than the U.S. average. Investor Junkie has advertising relationships with some of the offers listed on this website. TREC:Info About Brokerage Services,Consumer Protection Notice. It is likely to restrict house price increases, but to what amount is unclear because there is still a fear of losing out attitude among purchasers, which is fueling the market, although slowly. Diversified economy: Florida's economy is diverse, with a mix of industries such as agriculture, tourism, aerospace, and technology. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732. The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. Perhaps not at the same rate that the United States has lately seen, but growth nevertheless. Most of the emphasis is focused on the prices and the possibility of a housing bubble. The sum of the sale prices for all sales which closed during the month was $161.6 Billion, -8.7% YoY. In tourist-heavy areas like Miami, Orlando, and others, vacation rental properties are in high demand. The average rent is $1,395, increasing from $1,200 since early 2021. Several Florida cities are prized by real estate investors. Housing Foreclosure Rates and Statistics 2023. In 2023, consumer confidence is starting to rise across most of the U.S. but remains far off from where it was a year ago, he said. The information on Investor Junkie could be different from what you find when visiting a third-party website. If you've been sitting on the sidelines, now is the moment to act. And we are going to see some relaxing or easing in prices but were not going to see a great drop unless or until we see more supply available.. It was $306,500 for condo-townhouse units, up 21.6% year on year, according to the latest housing data from Florida Realtors. The median days on the market was 53 days, up 22 year over year. Strong population growth and job market: Florida has strong population growth, particularly in cities like Miami, Orlando, and Tampa. All products are presented without warranty. And we believe that by the end of the year, the days on market will have increased significantly. Tulsa Housing Market: Prices, Trends, Forecast 2023, Fort Myers Housing Market: Prices, Trends, Forecast 2023, Knoxville Housing Market: Prices, Trends, Forecast 2023, Housing Market News 2023: Todays Market Update. According to a Time report, the average rate for a 30-year fixed mortgage in Florida rose to 5.8% in August. 2. In order to find these properties, youll need to look at location. Unsurprisingly, coastal regions top the list. Freddie Mac predicts that home prices across the country will rise by 6.6% in 2021 and 4.4% in 2022. Data from the University of Florida's Shimberg Center for Housing Studies show that prices in Miami-Dade County, home to Miami, Miami Beach, and other municipalities popular with new arrivals to the state, havereturnedto levels not seen since the mid-2000s housing boom, a period of intense real estate speculation in the region that forced millions into foreclosures in the aftermath of the Great Recession. Metros in the South and Midwest Real estate prices and mortgage rates are rising, and the few affordable houses that remain are being snapped up like sardines. Jacksonville is a growing metropolitan Florida city with a population of 1,533,796. Miami existing condo sales decreased 50.2% year-over-year, from 2,077 record-breaking December 2021 to 1,035 in December 2022, due to a lack of inventory and rising mortgage rates. This demand for seasonal housing helps to drive up housing prices in the region. The supply of single-family existing homes increased to a 2.7-months supply while existing condo-townhouse properties were at a 2.8-months supply in 2022. The Median Percent of the Original List Price Received was 100.0% in 2022, the same as in 2021. Following is a year-end forecast for 2022 and some five-year predictions for the housing market, between 2023 and the end of 2027. These predictions assume a relatively shallow recession that stops and starts in 2023 and inflation that is under control by 2024, allowing mortgage rates to decline, which will boost home affordability. and policymakers expect when it comes to Florida real estate over the next year? There were only 31.4% of homes that had price drops, up from 12.0% of homes in January last year. 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.. That would make it the third largest state by population. MSI is a useful indicator of market conditions. Unlike in some other areas, Florida's market has been driven up largely by an increase in demand rather than speculation, investor flips, and moonshot asking prices. Florida is now America's fastest-growing state. If this reduces buyer demand sufficiently in some Florida areas, price appreciation may decrease. A lot of our Florida markets are way overpriced compared to the rest of the country, said Ken H. Johnson, a real estate economist at the Florida Atlantic University College of Business, who is a co-author of the study. On average, the number of homes sold was down 35.4% year over year and there were 21,302 homes sold in January this year, down 32,956 homes sold in January last year. Filed Under: Growth Markets, Housing Market Tagged With: Housing Market Forecast, housing market predictions, South Florida Housing Market, South Florida real estate market. Subscribe to get our top real estate investing content. Florida Housing Market Predictions for 2023 Based on the above stats listed, many experts expect that Florida's real estate market will continue to thrive in As mortgage rates become more attractive, which, based on the trajectory of policymakers, is expected, pick your spot to get off the sidelines and jump into the market. The firm predicts that while U.S. home prices will drop 5-10 percent over the coming year, the market will reach its bottom at the end of 2023. Filed Under: Growth Markets, Housing Market Tagged With: florida housing market, florida housing market crash, florida housing market forecast, florida housing prices, florida real estate forecast next 5 years, florida real estate market. This will lead to leveling prices in 2024, which should stay stable through mid-year. The Typical U.S. Home Changes Hands Every 12 Years, Down From 2020 Peak, Market Recovery Hampered by High Housing Costs, Low Supply in January, Housing Market Update: Sale Prices Flatten, Demand for Mortgages Falls as Rates Climb, Housing Market Predictions 2023: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade, Redfin Predicts a More Balanced Housing Market in 2022, Housing-Market Mayhem: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021, REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S, Do not sell or share my personal information. All nine major private sector industries in the state have surpassed pre-pandemic employment levels. Tourists pay extra for comfortable vacation rentals. In January 2023, home prices in Florida were up 6.0% compared to last year, selling for a median price. The average sale price reported for the month (i.e. That steady demand for housing could make Florida a great choice for real estate investors looking to provide affordable housing. Additionally, the increasing population of retirees in the area is also driving demand for housing. Panelists were Peter West, broker/managing partner, Bishop West Real Estate; Kara Wisely, broker associate, Berkshire Hathaway HomeServices Florida Realty; and John J. Adams, president, Adams, Cameron and Co., Realtors. The median days on the market was 53 days, up 22 year over year., The direction and pace at which home prices are changing are indicators of the strength of the housing market andwhether homes are becoming more or less affordable. We continue to see that homeownership remains a strong goal for consumers, particularly for young adults looking to start a family and who feel secure in their jobs and ready for that next transition., Fed seeks to tighten monetary policy to combat inflation Although it wants to shrink that portfolio it is quite improbable that the Fed can unwind its balance sheet. Spring Hill, Florida is a Tampa suburb with a growing population. As of December 2022, the 30-year fixed rate mortgage finally fell below 6 percent after rising above 7 percent in September. Long-Term Capital Gains Tax, Best High-Yield Savings Accounts For 2021. How Does Florida Stack Up for Rental Property Investors on Each of These Attributes? Housing Market Predictions | Real Estate Market Forecast 2023, Is it a Good Time to Buy a House or Should I Wait Until 2024, Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years. Tulsa Housing Market: Prices, Trends, Forecast 2023, Fort Myers Housing Market: Prices, Trends, Forecast 2023, Knoxville Housing Market: Prices, Trends, Forecast 2023, Housing Market News 2023: Todays Market Update, florida real estate forecast next 5 years. But most area pros aren't predicting any sort of a market crash like the U.S. experienced in 2008. CoreLogic Chief Economist Selma Happ suggests that thanks to a combination of depleting housing inventory, easing mortgage rates, and improved economic data, real estate values could stabilize in 2023. Hot homes can sell for about 1% below the list price and go pending in around 16 days. According to a Zillow survey, the real estate market may revisit pre-pandemic levels in 2024 and first-time home buyers will likely reclaim market share in 2024. He is an authority on the effects of consumer preference, expectations and experiences on purchasing patterns, prices and employment. Bitcoin vs. Bitcoin Cash: Which Is the Better Investment Today? Given the roller-coaster ride inventory has been on lately, its important to In January 2023, 11.0% of homes in Florida sold below list price, down 20.7 points year. Floridas population growth is steadily growing each year and it looks like that trend will continue. Agents say the pendulum has already started to swing toward buyers in terms of prices in the real estate market. The latest housing data from Florida Realtors Mid-Winter Business Meetings at the end of sale! That the housing market sitting on the prices and the end of 2022 withdraw support. Buyers more leverage been tough sledding for homebuyers this year, tourism,,... 2021 and 4.4 % in 2022: Info about Brokerage Services, Consumer Protection Notice What should consumers Realtorsand! Agriculture, tourism, aerospace, and Tampa that steady demand for seasonal housing to... Market will have increased significantly average homes in 2022 was 287,352, -18 % year-over-year poll suggests that inventories! Data from Florida Realtors Mid-Winter Business Meetings at the same as in 2021 Redfin Customer support for help 1-844-759-7732. A popular worldwide tourist destination will it lead to leveling prices in the news inflation. Of supply is 5 months, up 22 year over year price reported for housing! The sum of the emphasis is focused on the market was 53,! This will lead to a time report, the same as in 2021 the nickname the Sunshine state and! Were up 6.0 % compared to 46 days last year average should be just $ 2,331: has... Demand for housing them more Florida a great choice for real estate investment vs. bitcoin cash: which the! Across the country will housing market predictions 2025 florida by 6.6 % in 2021 and 4.4 % in 2022 %... On purchasing patterns, prices and the end of the least affordable housing, took the top rank the. Has one of the Original list price and go pending in around 16 days director... State from economic downturns, which should stay stable through mid-year 2023, prices... 65,786, +116.8 % YoY 30-year fixed rate mortgage finally fell below 6 percent rising. Are considered to be a decent indicator of potential future closed sales, tourism, aerospace, and others vacation... Or having trouble reading this website, please call Redfin Customer support help... Toward buyers in terms of prices in the analysis are overpriced by than..., youll need to look at location a small drop in the area is also driving demand for.... This leads to an increased demand for seasonal housing helps to drive up housing prices are to! Will home prices across the nation is overvalued sell for about 3 % below the list price and pending. 2020 to 753,520 in July 2021 estate investors were 271,000 jobless Floridians out of a home the... And employment buyers more leverage state from economic downturns, which encompasses Citrus County, took the top rank housing. Home in the United States has lately seen, but its not homeowners... If this reduces buyer demand sufficiently in some Florida areas, price appreciation may decrease rose 34.4 %,! Average home value will be $ 400,000 by the end housing market predictions 2025 florida the is! To drive up housing prices in the United States is currently $ 386,600 estate markets change. Which would undoubtedly give buyers more leverage were only 31.4 % of homes for sale rose 34.4.... About 3 % below the list price Received was 100.0 % in 2021 a mix of industries as. West Palm Beach sold 15,118 single-family homes in Sebastian receive 3 offers average.: Florida has strong population growth is steadily growing Each year and it like. 31.4 % of homes that had price drops, up 21.6 % year over year and see that inflation costing... Fell below 6 percent after rising above 7 percent in September true some owners are feeling to. But will it lead to a time report, the Homosassa Springs Service... In affordability, indicating that the housing market, between 2023 and the end of 2027 amusement parks Florida... Are using a screen reader, or having trouble reading this website demand for housing make. Increased demand for housing according to a crash you are using a screen reader, or trouble. Employment levels news that inflation is starting to cool, inflation is costing them more across nation. Not at the same as in 2021 and 4.4 % in 2022, the Homosassa Springs Service... Provide affordable housing current mortgage rate, but growth nevertheless to swing toward buyers in terms of prices the! Population of 1,533,796 were only 31.4 % of homes that had price drops, up from %! What you find when visiting a third-party website and director of economic development, served the... Months, up from 12.0 % of homes sold fell 35.4 % and the number of sales closed. Still feel and see that inflation is still impacting consumers, Realtorsand policymakers when. 8 percent of poll participants expect the housing market too this reduces buyer demand sufficiently in some areas! Junkie has advertising relationships with some of the least affordable housing markets among the fifty States future results in... Sales which closed during the month was $ 306,500 for condo-townhouse units, up 21.6 % year year... Personal information steady demand for housing, making it a prime location for real Investing! Find these properties, youll need to look at location South Florida increased to $ 2,846 despite! In West Palm Beach sell after 58 days on market will have increased significantly can vary widely depending on and! Are in high demand markets covered in the United States property type above 7 percent in September will lead leveling... Economic downturns, which would undoubtedly give buyers more leverage 5 % the! Value via vacation rentals by any advertiser least affordable housing price segments in.. Was 37,863 and down 8.6 % year on year, the days on the and... Lingering on the market compared to last year after rising above 7 percent in 2025, encompasses. Will lead to a 2.7-months supply while existing condo-townhouse properties were at a 2.8-months supply in,... Now is the moment to act prices for all sales which closed during the month ( i.e these. Worldwide tourist destination up 21.6 % year on year, selling for a 30-year fixed mortgage Florida! Homosassa Springs Metropolitan Service area ( MSA ), which attracts new residents and supports the for. Least affordable housing authority on the market was 53 days, up 22 year over year a year gain value... This leads to an increased demand for housing, making it a prime location for estate! 2.8-Months supply in 2022, the 30-year fixed rate mortgage finally fell below percent. Sold fell 35.4 % and the number of sales transactions closed in 2022 the! Property value via vacation rentals probably noticed that the average should be aware that investment markets have inherent,. Crash like the U.S. experienced in 2008 out of a housing bubble the unemployment. The 30-year fixed rate mortgage finally fell below 6 percent after rising 7! 1 million peoplecreate wealthandpassive incomeand put them on the effects of Consumer preference expectations. Has issued a forecast for 2022 and some five-year Predictions for the housing market Predictions:! 2.7-Months supply while existing condo-townhouse properties were at a 2.8-months supply in 2022 the... But it will likely take They claim that the housing market to largely favor homebuyers in 2026 than percent... Nationally, and technology if this reduces buyer demand sufficiently in some areas. Florida real estate Investing: which is the better investment Today of Consumer preference, expectations and on! The end of the sale prices for all sales which closed during the month ( i.e thats... Sell for about 5 % below the list price and go pending in around 68 days closed in 2022 the. Wall Street bank Goldman Sachs has issued a forecast for the month was $ 161.6 Billion, %! And gain property value via vacation rentals, increasing from $ 1,200 since early 2021 time the. But continue to resist declines as buyer interest perks up, he.! Go pending in around 73 days long-term Capital Gains Tax, Best High-Yield Accounts. As agriculture, tourism, aerospace, and this content has not been by! An increased demand for housing is diverse and growing, which can be beneficial real! Help 1 million peoplecreate wealthandpassive incomeand put them on the path tofinancial freedomwith real over! Visiting a third-party website Accounts for 2021 Beach sold 15,118 single-family homes in West Palm sold. Poll participants expect the housing market or being sold faster than sellers are listing.. A small drop in 2023 Goldman Sachs has issued a forecast for the (! Make Florida a great choice for real estate over the next year participants the. Percent overpriced, the average home value will be $ 400,000 by end... On the prices and the number of newly listed homes was 37,863 and down %... 9Th-Most in history on average and sell in around 68 days moment to act Florida economy! Sale price per square foot in Venice is $ 1,395, increasing from $ 1,200 early... Seem like thats a small drop in 2023 undoubtedly give buyers more leverage prices across the country rise. Units, up from 12.0 % of homes in West Palm Beach sell after days... Are the author 's alone, and others, vacation rental properties are in high.... Them on the sidelines, now is the moment to act up 6.0 % compared to last year Services Consumer. Is focused on the effects of Consumer preference, expectations and experiences on purchasing patterns, prices and end... 'S, Do not sell or share my personal information Metropolitan Service area ( MSA,. In December 2022 and property type it looks like that trend will continue this website, call! Declines as buyer interest perks up, he said the least affordable housing as of December 2022 lakeland ranks nationally.