Florida-Real-Estate-Specialist-Logo
Housing Scorecard: Inventory up across South Florida

Housing Scorecard: Inventory up across South Florida

Nationally, interest rates decreased from 7.23% to 6.46%, while pending home sales fell from 76.7 to 70.2. Builder confidence dropped from 50 to 39, and unemployment rose from 3.5% to 4.3%. Locally, unemployment increased from 2.6% to 3.4%, and housing starts decreased from 2,008 to 1,370. Existing-home sales showed slight increases in Miami-Dade, Broward, and slight decrease in Palm Beach. Housing inventory rose significantly across all three counties, with days on market increasing in each area.

Continue to full article

Facebook
Twitter
LinkedIn
Email
Testimonials
What Clients Say
Scroll to Top

I Want To Sell My Property