More Inventory, Fewer Sales in Florida’s Housing Market

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 · Florida’s housing market reported more closed sales, higher median prices, more new listings and more pending sales in May, according to the latest housing data released by Florida Realtors. Sales.

ORLANDO, Fla., April 24, 2017 – (RealEstateRama) – Florida’s housing market reported more closed sales, higher median prices and increased pending sales in March, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,921 last month, up 9.3 percent compared to March 2016.

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 · 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.

Fewer homes on the market but more showings. That’s one of the takeaways from the new Naples Area Board of Realtors August home sales report. Closed sales of homes in Collier County increased 7.4%.

And while housing market experts still expect that there will be fewer home sales in 2019 than a year ago, added inventory and falling mortgage rates could provide an opening for prospective buyers.

 · Florida Housing Statistics, Florida Real Estate

offering new opportunities after last year’s tough housing market drove away many would-be buyers. A number of economic factors that slowed sales in 2018 have eased or even reversed in recent weeks.

ORLANDO, Fla. – Florida’s housing market reported more new listings, higher median prices and fewer days to a sales contract during the first quarter of 2016, according to the latest housing data.

July Housing Market Update. According to NAR, home sales rose 9% nationwide, while days on market (-8%)and listings dropped (.4%) in July. July is usually not a big month for real estate sales so an 8% price may predict even higher price rise rates in the fall. NAR believes home prices will rise 9% YoY.

Toronto real estate saw higher prices, but more inventory and less sales could spell trouble for the market in the upcoming months. October 5, 2017 Toronto real estate prices warmed up in September, but this report wasn’t indication of a hot 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.

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