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Florida ranked Number One in home price appreciation last year, according to recent statistics released by real estate website Zillow showing the rise in property values from January to January.
According to their analysis, the average price for a home in Florida rose $56,000 through 2022, from $345,305 in January of last year to $405,939 in 2023.
That represents an increase of 17.27%, meaning home values rose more in Florida than in any other state in the nation.
Even more interesting, perhaps, is Zillow's year-over-year Home Value Index for December 2022, which shows appreciation on properties in South Florida (the "Miami" reporting area, which includes Broward and Palm Beach counties) rose more than any other major market in the United States.
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