Sales up in Florida, inventory light

November 11, 2020

The latest data from the Florida Association of Realtors shows home sales statewide are up while inventory remains tight.

Florida saw 29,495 closings on single-family properties in August, up 8% compared to the same month last year.

It’s a dramatic climb from May when the number of homes sold in Central Florida sank dramatically.

Figures from the Orlando Regional Realtors Association figures showed there were 2,127 sales across Orange, Seminole, Osceola and Lake counties that month, a 44% drop from last May.

Experts said the downturn in sales was an indication of the anxieties swirling around Central Florida’s previously booming market and the wide-reaching effects of the economic fallout caused by the coronavirus outbreak.

But the region’s housing inventory hit a record low this year, even before the onset of the COVID-19 pandemic.

The point is that it’s a seller’s market. Give us a call and we’ll break down how these stats could affect your sale or purchase of a home.

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