Home sales drop, prices rise in South Florida prior to Hurricane Irma’s landfall. Total resi sales fell in all three counties last month, with some showing double-digit declines in condo sales. September 20, 2017 06:00PM. Hurricane Irma over South Florida (Credit: NASA)
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Existing-home sales dropped for the second consecutive month in January, falling 3.2% from December and 4.8% from January 2017 to an annual pace of 5.38 million, the National Association of.
New single-family home sales fell in December, posting an annual rate of 536,000, 10.4 percent below the prior month’s figure, according to the U.S. Census Bureau and the Department of Housing.
“I don’t think prices will drop like it did during the Great Recession, but growth will probably flatten.” The average value of a Central Florida home only dropped by $300 from April to May, but there.
Home prices have risen each month since December 2014. The inventory of homes for sale in July totaled 2,199, a 7.8% drop.
Sales of single family-homes in the Tampa Bay area plunged in December as prices again rose. In one good sign for buyers, though, the supply of available homes continued to inch up, with Pinellas.
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Latest News. Existing-home sales decreased for the third straight month in June, with declines in the South and West, and gains in the Northeast and Midwest. Read the full news release. Existing-Home Sales data release for July 2018 is scheduled for Wednesday, August 22, 2018.
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Florida home values have gone up 5.5% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Florida is $166. The median price of homes currently listed in Florida is $299,000 while the median price of homes that sold is $226,000.
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This is exactly what they were saying right up to the last day before the Florida real estate bubble popped and home prices proceeded to drop 60% on average. When this current bubble pops, prices will likely drop the most in neighborhoods where homes are occupied mainly by people who bought to live in Florida full-time.
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