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The median sale price of homes in South Florida saw declines from month to month, according to the latest numbers from the Broward, Palm Beaches & St. Lucie Realtors.
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With a new shift coming to the market, more owners are looking to sell their homes.
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Early indications suggest a shift in the market could be coming as buyers have dealt with unaffordable prices for homes over the past two years.
Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot.
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A hot market, lasting longer than expected, is being driven by emotions, specifically a fear of missing out. But market experts say the resulting snowball effect is unsustainable.