Florida Real Estate Market Conditions.

Posted by Ian McPherson on Tuesday, June 23rd, 2020 at 2:53pm.

Customers often want to know if they are getting the best deal possible.  Supply and demand directly effect sales prices in each market place.  Most people assume that due to the bleak economic forecast that the housing market must be depressed and that prices must have dropped.  It is not so.  We have less homes for sale.  The inventory level has dropped.  Seller's have removed their homes from the market.  This has driven prices up.

We still have increased demand from people moving to Florida from other States.  I have personally seen interest from people in New York, Connecticut, New Jersey and Illinois.  These people want to leave heavily populated cold weather climates before the fall of this year.  This increased demand has meant that homes are selliing faster than before and for slightly higher prices when compared to last year.

Overall sales for single family homes are above 2019 levels.  I don't see it changing in Florida unless things really get out of control.  Hopefully we keep a handle on things and demand stays strong.

I say move.  Leave the cold weather and join us in paradise.  I moved from New Hampshire over 20 years ago and I have no regrets.  Florida is a wonderful place to enjoy the outdoors and your money goes further here than it does in the North.  Call me for more information.  Ian McPherson Coldwell Banker Realty 941-320-0999

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign up for email updates