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

After COVID-19 Golf Ball Size Hail in Orlando Florida

In this new year 2020, the century has bring changes during the month of May 2020 there has been 2 cm size hail balls dropping from the sky in Orlando Florida USA
Post a Comment
Read more

Stelar MLS for Orlando Realtor FL USA

Stellar MLS is one of the largest MLSs in the United States, with 59,000 members and more than 300,000 listings in our system. Our customers and subscribers are the agents and brokers that make the Florida market work. Though our subscribers represent just under a third of all licensed real estate salespeople in Florida, they produce more than 55 percent of all the transaction volume in our state. Perfect, Standardized Data We believe their success is directly tied to the service, support and technology we offer. Though every agent and broker is unique, they all demand perfect, standardized data that is easy to work with, whether it’s a simple search in the MLS, or a complex data feed that powers a regional real estate player. Forget the Status Quo That’s why we’re never satisfied with the status quo. We know our job is to push for tools and solutions that benefit our subscribers and customers, like introducing the first instance of Matrix in Spanish. Or, breaking through h
Post a Comment
Read more