12/08/2024
📊 Florida Real Estate Market Update:
Check out these two charts! From 2019 to now, active listings hit their lowest point during the pandemic but have since climbed to a peak as interest rates put pressure on consumer buying power. However, in the past couple of months, we've seen an even greater trend-breaking shift, with sales plummeting across Florida.
Higher inventory (active listings) + slower sales could mean we are heading into a a shift toward a buyer's market or a large scale selloff. What do you think?
Source: taken from the Florida Multiple Listing Service (MLS)