Fla.'s Sept., 3Q Housing Market: Inventory Up, Median Prices Rise

However, O'Connor pointed out, that "part of the reason September's year-over-year declines in closed sales are high is that during the pandemic years of 2020 and 2021, the Florida real estate market didn't get the memo that the second half of the year is supposed to be our slow time for closed sales. This is plainly visible if you look at monthly sales data for the past five years. While time to contract is lengthening, homes in Florida continue to go under contract quickly: The median time to contract for single-family existing homes in September was 22 days compared to 10 days during the same month a year ago.

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