Florida’s housing market showed a bright spot in August as new pending sales rose despite declines in closed sales and prices, according to Florida Realtors latest housing report. Single-family pending sales jumped 9.9% year over year, the largest increase since late 2023, while condo and townhouse pending sales climbed 4.9%, their first annual gain since October 2023. Economists credit falling mortgage rates for the surge. Statewide, closed sales of single-family homes fell 3.9% and condos dropped 6%. Median prices dipped slightly to $410,000 for single-family homes and $290,000 for condos. Inventory stood at a 5.3-month supply for single-family homes and 9.3 months for condos.
Florida pending home sales rise as mortgage rates dip
Aerial view shows waterfront homes in Florida, where August housing data revealed a jump in pending home sales compared to last year, according to Florida Realtors.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.