FORT LAUDERDALE, Fla. — Homeowners across South Florida saw their homes values rise over the past year, despite the market taking a turn, new data shows.
In South Florida, home values have increased upward of at least 13% over the past year, depending on the area, despite rising interest rates cooling the market significantly, according to an analysis from RedFin, a national real estate brokerage.
“A lot of it is people are still relocating to Florida from other states for tax shelter and for weather,” said Alex Platt, with the Platt Group at Compass in Boca Raton. “For our listings for sale, very often we are seeing interest from people that are flying in for a couple of days to view and purchase a home.”
