South Florida housing prices are expected to rise 3.4% in 2023

South Florida housing prices are expected to rise 3.4% in 2023, according to a new Realtor.com forecast released this week. Meanwhile, the volume of sales is predicted to drop by 2% locally.

The predictions are in line with nationwide indicators, per the report, which signal that prices may go up, albeit not as much as in the past few years, while the number of sales may decline.

“The 2023 housing market could become a ‘nobody’s-market,’ not friendly to buyers nor to sellers,” Realtor.com chief economist Danielle Hale wrote.

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