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Millennials are entering their peak nesting years at a time when the construction of single-family homes still hasn’t recovered from the cutbacks that followed the financial crisis. Nationally, inventory is 9% lower than a year ago, and all but four of the 35 largest markets tracked by Zillow now have fewer homes for sale than at the same.
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The median home value in Florida is $233,200. Florida home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Florida is $167.
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