November 2020: Florida Housing Report
November Closings Up 23% Year-Over-Year
This month was yet another strong one for single-family home sales with all 22 of Florida's metro areas seeing positive year-over-year gains.
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The Florida real estate market started 2021 strong, with closed sales way above our historical average. And the state is likely to remain well above our historical average for most, if not all, of 2021.
Market Closes 2020 on High Note
December's statewide count of closed existing single-family home sales was in excess of 30,000 — the second-highest total for any month in 2020. And in a sign of things to come, new pending sales in this category were up close to 43 percent year-over-year in December.
Sales Stay Up in October as Inventory Stays Tight
The 2020 Florida housing market continued to amaze in October with a year-over-year increase of nearly 27% in single-family home sales and 30% in the condo and townhouse category. Inventory remained tight, although not as tight as previous months.