Skip to main content

Florida Real Estate Market is Booming

Tight Inventory Supports Signs of a Seller’s Market

This is a national trend- the number of active real estate listings just isn’t enough to match buyer demand. Despite efforts of increasing inventory levels, most US cities are still struggling to have enough housing stock. This is apparent as house prices in July went up 5 percent which means affordability is also dropping. Properties priced below $200,000 are selling a lot faster than luxury homes .

Focus on Florida

So what do these national trends say about Florida housing market predictions? Well, the Florida real estate market is looking very healthy. We’re seeing consistent growth in sales, prices, and real estate transactions. Still, inventory trends are following national trends. New listings of single-family homes went down 2.2 percent this year with 96,984 new units on the market. Condo listings dropped double that by 4.5 percent with only 39,618 units. New home listings are expected to continue dropping throughout 2020.
Although the number of Florida investment properties for sale isn’t rising, home sales still are. Single-family home sales in the Florida housing market had a YoY increase of 4.6 percent, with a total sales volume of 85,017.


Florida Real Estate Market Predictions 2020

https://RealtorOrlandoFl.com

Comments

Post a Comment

Popular posts from this blog

NAR: Existing-Home Sales Decreased 1.5% in Sept.

National sales dropped for the eighth straight month, down 1.5% from Aug. and 23.8% year-to-year. However, median home prices continue to increase, up 8.4 % in Sept. from FloridaRealtors via RealtorOrlandoFL.com Credits: Florida Realtors .org Buying or Selling?Searching for a good Realtor in Orlando Cristian Vergara is your nearest real estate agent.
Post a Comment
Read more

Why Most Americans Say They Don’t Like Neighbors

Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’ from FloridaRealtors via RealtorOrlandoFL.com Credits: Florida Realtors .org Buying or Selling?Searching for a good Realtor in Orlando Cristian Vergara is your nearest real estate agent.
Post a Comment
Read more

The Population in The City of Orlando is in constant growth

Orlando "The City Beautiful" is a city in the United States of America, in the State of Florida and the county of Orange County. Located in Central Florida, it is the center of the Orlando metropolitan area, which had a population of over 3 million people according to U.S. Census Bureau figures released in July 2019. These figures make it the 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida and is the fourth-largest city in Florida, and the state's largest inland city.
Post a Comment
Read more