New Contracts & Listings Up, But Closed Sales Down
Closed sales of existing homes were down in Florida on a year-over-year basis in October, but new contracts and new listings were up. What does it all mean?
In September, Florida’s housing market continued to show signs of stabilization in statewide median prices and improving inventory levels (active listings) compared with a year ago.
Closed sales of existing single-family homes were up on a month-over-month basis in August, but that's likely in part due to August having a few more business days than July.
Florida’s housing market reported higher inventory and statewide median sales prices consistent with values of a year ago. Higher interest rates continue to be a challenge for buyers and sellers.