FLORIDA REAL ESTATE UPDATES
This page depicts the evolving market with data that we run weekly. This data shows how the market is performing and helps predict future trends based on current & past performance.
Last Updated: 11/23/2022 – 10:27 AM
As illustrated, the number of homes listed in 2022 began lower compared to previous years, but increased to 2021 levels around May. Homes that do get listed haven’t remained on the market for long with anxious buyers jumping on listings as soon as they hit the market. As buyer affordability is impacted by mortgage rates, we may see listings linger a little longer on the market as the year progresses.
The graph illustrates the number of homes sold per month. At the beginning of the year, sales numbers were trending similarly to 2021, however, they have started to trend downwards and are expected to continue in that direction as increased mortgage rates will continue to impact buyer affordabilty.
Click the link below to access our COVID-19 Real Estate Resources, COVID-19 Mortgage Resources, and REAL SAFE Real Estate Initiative.