More Inventory, Fewer Sales in Florida’s Housing Market

mortgage So-called pending home sales rose 2.8% compared with May, according to the National Association of Realtors. Sales were 1.6% higher compared with June 2018, the first annual gain in 17 months. "Job.

2019 Florida Housing Market And Real Estate Predictions Florida is the U.S.’s southernmost mainland state and is home to the country’s oldest city. Known as the Sunshine State and renowned for its beaches and beautiful ocean views, the state has quite a bit to offer economically as well.

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2019 Florida Housing Market And Real Estate Predictions Florida is the U.S.’s southernmost mainland state and is home to the country’s oldest city. Known as the Sunshine State and renowned for its beaches and beautiful ocean views, the state has quite a bit to offer economically as well.

 · They made up a fewer percentage of home sales in January. First-time buyers were hit hard by the housing shortage and rising prices. Fewer Homes on the Market Is Taking a Toll on First-Time Buyers.

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While Florida’s real estate values have leveled out some, its market in 2019 is still strong and growing, just not as rapidly as in the recent past. Experts were surprised by mortgage rates tumbling to an almost two-year low in June 2019, resulting in a continued seller’s market.

Statewide, single-family home sales were down 3.5 percent to 25,020 while the median sales price increased 8.2 percent to $250,800 – so South Florida. inventory was reduced to 6.1 months. That’s a.

In May 2019 the housing market in Miami, FL was a buyer’s market, which means there were roughly more active homes for sale than there were buyers. Sale-to-List Price Ratio: 95.93% | Realtor.com In May 2019, the median list price of homes in Miami, FL was $400K, flat year-over-year.

In the final analysis I think one must conclude Buyers trying to find a Condo in Fort Lauderdale and Broward County simply don’t have a lot of choices. Florida’s housing market reported more closed sales, higher median prices and more pending sales during the first quarter of 2017, according to the latest housing data released by Florida Realtors.

For the first time this year, the inventory of homes for sale in Central Florida has dropped, leaving fewer homes for first-time buyers. The 2% fall in inventory is a result of steady home sales.

Florida’s real estate market reported rising median prices and fewer all-cash closed sales in July, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 24,083 last month, down 8% from July 2015, reflecting the state’s current shortfall in inventory.

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