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176 days

Redfin Reports Florida Condo Prices Are Holding Up Best Away From the Coast

1. Inland Florida condo prices rose 5.4% YoY, outperforming coastal regions. 2. Single-family home price gains of 3.7% highlight strong market dynamics for RDFN.

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Why Bullish?

The robust increase in Inland Florida prices indicates a healthy real estate market that could boost transaction volumes and confidence in RDFN's tech-powered brokerage model. Historical trends show that favorable regional data often spur near-term investor optimism.

How important is it?

The report directly ties into RDFN’s core business by highlighting a strong market indicator, though the broader market impact will depend on additional factors.

Why Short Term?

Monthly data trends typically influence immediate market sentiment and short-term trading decisions, similar to past instances within the real estate tech sector.

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SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median condo sale price in Inland Florida rose 5.4% year over year on average in January, compared with a 4.8% decrease on Florida's Gulf Coast and a 3% drop on the Atlantic Coast, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Inland Florida's condo prices rose even more than its single-family home prices, which climbed 3.7%. This is based on a Redfin analysis of MLS data in Florida metro areas wh.

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