Florida’s Real Estate Update - September Snapshot!
Luis Bedoya
Last update: 2023-11-08
Luis Bedoya
Last update: 2023-11-08
Florida’s Real Estate Update - September Snapshot!
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!
#FloridaRealEstate #MarketUpdate #Homebuying #Investment
Meet Luis Bedoya: one of the top agents at his brokerage and a name synonymous with unwavering honesty and dedication in the real estate sector. With a steadfast commitment, Luis's primary goal is to provide the best and most transparent service to his clients, ensuring their interests are always at the forefront.
But there's more to Luis than just real estate acumen. In the modern digital age, he has harnessed the power of video and ad marketing, mastering these tools to the benefit of his clientele. His YouTube channel stands as a testament to this, offering valuable insights and showcasing properties in a dynamic and engaging manner.
Luis's blend of traditional real estate expertise with contemporary marketing strategies ensures that his clients always have an edge in the competitive property market. Choose Luis Bedoya for a holistic real estate experience, where honesty meets innovation.
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