More Inventory, Fewer Sales in Florida’s Housing Market

2019 real estate market Forecast for Florida Is the housing market going up or down 2019? The Florida housing market is still projected to increase in 2019. According to July 2019 data from Zillow, values in the state rose 4.7% over the last 12 months. Homes spend a little under three months on the market on average before the seller accepts an offer. Unemployment rates, tax rates, population growth, and mortgage rates are the major players to affect the real estate market. Florida’s.

The median is the midpoint; half the homes sold for more, half for less. Looking at Florida’s condo-townhouse market, statewide closed sales totaled 34,376 during 2Q 2018, up 4.7 percent.

Why You Need to Know Where Florida Real Estate Prices are Heading Before You Buy or Sell. If you are thinking of selling your home in the state you now live so you can buy a home or condo in Florida, knowing exactly where the Florida real estate market is now and where it’s heading is extremely important.

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For the first time this year, the inventory of homes for sale in Central Florida has dropped, leaving fewer homes for first-time buyers. The 2% fall in inventory is a result of steady home sales.

ORLANDO, Fla. – Continuing a trend from the first three months of the year, Florida’s housing market reported higher median prices and rising inventory in 2Q 2019, according to the latest housing data released by Florida Realtors . Closed sales of single-family homes statewide totaled 85,017 in 2Q 2019, up 4.6% from the 2Q 2018 level.

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Sales were especially slow in the higher end market, priced above $1 million. Active listings grew 14 percent, so the inventory of supply at the current sales place increased to 6.8 months.

More inventory but fewer sales in San Fernando Valley housing market. "What we’re seeing is the emergence of a pretty normal market for this time of year," Sharon Barron, the association.

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.

More: To Gauge Long-Term Health of a Real Estate Market, Look Beyond Sales Prices Increasing Inventory Added inventory is the first sign of a less-than-positive change, said Nela Richardson, chief.