Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months.

It’s the third weekly drop in a row and down from last week’s average of 6.69% for a 30-year, fixed-rate mortgage. A year ago, rates were 5.81%.

The widely used CPI compares year-to-year prices, so if prices were steady for one year but saw a 10% increase in Jan., the next 12 months’ CPI would reflect 10% too.

Home prices, however, declined 3.1% year-to-year. Price increases in the Northeast and Midwest regions failed to offset declines in the South and West.