The Rider is converting reservation agreements to sales contracts. NAR's annual conference and expo is taking place in Boston. Pending home sales have reached their highest level since March. Tips are provided for selling homes that are reportedly haunted. The Case-Shiller index shows home prices reached an all-time high in August, though the rate of increase has slowed. OneWorld Properties has...
Inventory Trends
South Florida condo sales declined sharply in Q3, influenced by high mortgage rates and tight inventory. Miami Beach condo sales ↓ 25% with inventory ↑ 40.6% to over 3,400 listings....
The median sale price for single-family homes in Florida has risen to $427,000, marking a 1.7% increase from last year. However, in Ocala/Marion County, the median sale price dropped by 11.3% to $290,000. The active listing inventory for single-family homes in Florida increased by 60.1% compared to last year. The supply of these homes reached a 4.6-months’ supply, suggesting a more balanced market....
Home sales are increasing in Miami-Dade, Broward, and Palm Beach, while inventory rises. In South Florida, housing inventory is increasing as days on market decrease. Existing home sales are up in Miami-Dade and Broward but down in Palm Beach. Overall, home sales are dipping in South Florida as inventory rises and days on market fall....