More Inventory, Fewer Sales in Florida’s Housing Market

The number of homes and condominiums for sale across South Florida has steadily declined over the past two years, an encouraging sign for the region’s battered housing market. Still, industry.

Home sales plunged in the Orlando area in December as 2018 finished with fewer sales than the year before, and real estate agents. because there is limited inventory on homes under $200,000. It’s.

Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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Florida’s housing market reported more closed sales, rising median prices and more new listings in October compared to a year ago, according to the latest housing data released by Florida.

News Florida’s Housing Market Sees Pending Sales, Median Price and Inventory Rise in March Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign.

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 · 13.5 percent of homes sold for more than they were listed and most homes sold in less than 3 months The Jacksonville area home market remains hot and with a low number of properties on the market, now is an ideal time to consider listing your home for sale.

Whereas the overall Chicago housing market saw sales drop in 2018 by about 2 percent, luxury sales in the area grew. The ultra-luxury market had a record year in 2018, with more $4-million-plus.

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The number of new sales contracts signed for Twin Cities homes dropped during a cold and historically snowy February, while other statistics showed that the market may not continue to tilt in favor of.

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 · ORLANDO, Fla. – Aug. 8, 2018 – Second-quarter 2018 saw increased sales, higher median prices and more new listings for Florida’s housing market, according to the latest housing data released by Florida Realtors®.

The shortage of inventory in the housing market will ease in. are likely to see tax cuts. While more disposable income for buyers is positive for housing, the loss of tax benefits for owners could.