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Florida overtakes NY as nation’s second most valuable housing market

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The Sunshine State saw its residential property values soar by $160 billion in the one-year period beginning in June 2022.

that kept businesses and schools shuttered for extended periods of time.

Florida is now the nation’s second most valuable residential real estate market, leapfrogging New York State, according to Zillow.Residential homes in the Miami metro area rose in value by 8.6% since June of last year, according to Zillow.Texas , New Jersey , Massachusetts , Washington , Pennsylvania , North Carolina , and Virginia round out the top 10.

Residential homes in the Miami metro area rose in value by 8.6% since June of last year, according to Zillow.

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