South Florida Real Estate

Buyers from all over the United States, Canada, Europe and Latin America are attracted to Florida, and not just because of the climate. The Sunshine State has a strong job market and a ready supply of housing in all price ranges. While median sales prices continue to rise, in part due to demand, residences in Florida offer great values for buyers worldwide.

It is no wonder that the real estate industry in Florida is booming, with so much to do and see. Ranging from commercial real estate to beachfront properties for personal occupancy, owning a property in Florida can be expensive, but there are plenty of pieces of affordable property available for the budget-conscious.

Low interest rates contributed to the state's dynamic housing market. While mortgage rates edged up on occasion, they stayed under 6 percent for most of the year. Demand for homes remained at a record pace in markets across Florida, resulting in a low supply in many areas and impacting home prices.

The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its more than 120,000 members in 70 boards/associations.