More Inventory, Fewer Sales in Florida’s Housing Market

During January, single-family homes statewide totaled 15,526, a 6.2 percent decline from one year ago. Florida’s condo-townhouse market recorded 6,739 closed sales in January, a 10.9 percent decline from the previous year.

Florida outlook tops big-picture national scene. In its U.S. economic and housing market outlook for 2019, corelogic economists forecast growth in home prices to drop by one percentage point as.

Experts believe there is a shift happening that's making it more. If you're looking to buy a home in South Florida, Realtors say now is the time to do it. less inventory, so people have to fight to find the right house in good. Levine said the latest information shows median sale prices for single family homes.

Welcome to the New Year. Let’s look at some things we’re watching this New Year in our January 2018 Southwest Florida real estate market update. Many agents we talk to are focusing on the fact that sales are down 12.4% in November. Others notice that total dollar volume was down 10.5% in November.

Florida current home mortgage rate and hard money If you’re looking to buy a home in the Sunshine State, it’s important to check and monitor mortgage rates specific to the state of Florida. Current mortgage rates in Florida are 4.05% for a 30.

Lindsay noted the “sweet spot” of activity in the current market right now is homes in the $600,000 to $850,000 price range.

Florida is a thriving housing market with an increase in new construction of 94,836 houses last year, adding to the existing inventory of 871,758 houses. While the state has a low annual household income of $50,883, the equally low median housing price of $294,900 makes homebuying a serious option for residents.

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ORLANDO, Fla. – Continuing a trend from the first three months of the year, Florida’s housing market reported higher median prices and rising inventory in 2Q 2019, according to the latest housing data released by Florida Realtors . Closed sales of single-family homes statewide totaled 85,017 in 2Q 2019, up 4.6% from the 2Q 2018 level.

Lower Florida Real Estate Market Prices Coming. If you don’t absolutely have to own a home in Florida right now, you may be rewarded with lower, possibly much lower Florida home prices within the next few years. Why? In addition to the above reasons: Recessions have hit regularly for hundreds of years in the US, and the next one is right around the corner.

Nordby added that Bellevue’s market truly is hyperlocal – with numerous factors at play that help determine the demand for a.