Tag: florida realtors
Single-family existing home sales rose 22.9 percent compared to a year ago.
More closed sales, more new pending sales, higher median prices and more new listings were recorded statewide last month compared to October 2019, according to Florida Realtors latest housing data.
“On the heels of a weak spring buying season brought about by the COVID-19 pandemic, closed sales of existing homes surged throughout the U.S. in the third quarter of 2020, and Florida was no exception,” O’Connor said. “And while the release of pent-up demand from spring certainly played a major role in this resurgence, it’s likely that the most important driving factor has been the record-low mortgage rates we’ve been experiencing.”
In September, Florida’s housing market reported more closed sales, more new pending sales, rising median prices and more new listings compared to a year ago despite the ongoing pandemic, according to the latest housing data from Florida Realtors.
Florida’s housing market reported more closed sales, more new pending sales, higher median prices and more new listings in August compared to a year ago despite the ongoing pandemic, according to Florida Realtors’ latest housing data.
Single-family existing homes sales rose 11.7 percent compared to July 2019, “the best monthly performance for this property type since January’s nearly 18 percent increase,” according to Florida Realtors Chief Economist Dr. Brad O’Connor.
Florida’s housing market reflected the impact of coronavirus pandemic and economic turmoil in the second quarter of 2020, particularly during April and May: higher median prices and more pending inventory, but fewer closed sales and fewer new listings compared to the second quarter of 2019, according to the latest housing data from Florida Realtors.
Florida Realtors’ membership in the Confederación Inmobiliaria Latino Americana means it is the first state realtors association in the U.S. to join the group as a benefactor member. CILA is made up of 19 Latin American countries' real estate associations, with Brazil and Mexico being the largest.
The Florida Realtors released a report on Monday showing that the coronavirus pandemic impacted the housing market across the Sunshine State last month.
Closed sales of single-family homes across the state in April dropped 20.7 percent compared to April 2019 while condo-townhouse sales fell 36.5 percent over that period. Still, there was a quantum of good news.
According to numbers released by the Florida Realtors on Tuesday, closed sales of single-family homes statewide totaled 65,602 in the first quarter of 2020, up 10.2 percent from the first quarter of 2019.
“The increase in real estate licenses, construction licenses, and hotel and restaurant licenses over the past year shows there is strengthening demand for real estate transactions and more housing, traveling and dining options for Floridians and visitors to our state,” said DBPR Sec. Halsey Beshears.