Florida's Healthy Housing Market

This week’s blog is about the Florida housing market’s performance through the Coronavirus Pandemic and the normal Summer slump. Comparing the same time last year, Florida is up 21.7% in new single-family home sales. The statewide median sales price for single-family existing homes was $295,000, up 10.1 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local realtor boards/associations. According to Florida Realtors Chief Economist, Dr. Brad O’Connor, “On the supply side of the market, inventory remains scarce and is an area of concern, particularly in the single-family home category, which was at a severely restricted 2.5 months’ supply in July.” In, other words, builders are making homes as quickly as possible, but the demand is greater than the supply. Overall, this is a sunny outlook for the Florida housing market, and we are happy to share it with you.

If you would like to know more about land or homes in the local area be sure to make an appointment with Southwest Florida Dream Builders and save a spot for your dream home today!