Close this search box.

Log in

Top Stories

The Great Recession sometimes seems like a lifetime ago—but the housing industry is still feeling its effects. Adjusting for inflation, home prices nationwide didn’t match their pre-recession peak until mid-2021. In Florida, home prices have yet to fully bounce back, according to a study by Construction Coverage.

The median home price in Florida this summer was about $397,000. Adjusted for inflation, the pre-recession peak in October 2006 was at about $409,000. Most metro areas are still recovering, too. Fort Myers in particular is still 16% behind where it was in May 2006, the largest gap in the state.

Copyright 2024 Gulfshore Life Media, LLC All rights reserved. This material may not be published, broadcast, rewritten or redistributed without prior written consent.

Don't Miss

Please enable JavaScript in your browser to complete this form.

Please note that article corrections should be submitted for grammar or syntax issues.

If you have other concerns about the content of this article, please submit a news tip.