ORLANDO, Fla., Oct. 22, 2020 /PRNewswire/ — In September, Florida’s housing market reported more closed sales, more new pending sales, rising median prices and more new listings compared to a year ago despite the ongoing pandemic, according to Florida Realtors® latest housing data. Single-family existing home sales rose 22% compared to September 2019.
“Florida’s housing sector continues to be a bright spot for the state’s economy amid the ongoing pandemic,” said 2020 Florida Realtors President Barry Grooms, a Realtor and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “September’s market data shows that there are motivated buyers, but the lack of for-sale inventory is affecting their search for their Florida dream home. Statewide inventory for single-family existing homes last month was at the record low of a 2.2-months’ supply. That imbalance of supply and demand could impact the market in the long-term as housing