🏡 Florida’s Real Estate Update - September Snapshot!

[Luis Bedoya]

Hey Florida home seekers and investors! Got some fresh updates from the housing market for September 2023:
📈 Stable Prices, More Choices!Good news! Home prices are holding steady, and there's a bigger selection of homes available compared to last year. That means more options for you!
💵 Sales and Dollars Up!Single-family home sales are climbing, with a 6.1% jump from last year. Plus, a whopping $12.2 billion in sales shows the market's still buzzing despite rising mortgage rates.
📊 Quarterly Check-In:Looking at the third quarter, there's a slight dip in home sales compared to last year, but don’t worry - the market's showing signs of balance.
👀 Eyes on the Fall Market:Sales are picking up as we step into autumn. Single-family homes sales saw a 6% increase over last year, and condos and townhouses are nearly matching the sales figures from 2022.
💲 What About Prices?Single-family homes have a median price tag of $409,243 (up a bit from last year), and condos/townhouses are at $324,990 (also up from last year).
🏘️ More Listings Coming Up:New listings are on the rise! We’re seeing more new homes on the market now than at the same time in 2019, pre-pandemic.
📈 Inventory Gaining Momentum:There’s a better inventory of homes now at the end of September than at the start. However, we’re still catching up to the pre-pandemic supply levels.
🔍 Supply Details:The current supply for single-family homes is at about 3.2 months – that's more than last year. Condos and townhouses have a 4.1-month supply, which is a big increase over last year.
✨ Takeaway:Whether you're looking to buy or sell, Florida's housing market is showing promising signs of stability with a healthy flow of options. It’s a great time to explore your opportunities in the Sunshine State!