Florida real estate is in flux, with closed single-family sales falling 21.3% last month due to inflation and higher interest rates. However, for-sale inventory rose 131.4% to a 2.7-month supply, indicating a potential shift in the market. Despite these changes, there’s good news too – nights booked are up 15% YoY, suggesting a continued demand for real estate in the Sunshine State. As we come to the end of the first quarter of 2023, we wanted to take a moment to thank our clients and partners for their support during a busy start to the year. It’s been a pleasure working with you, and we look forward to what the rest of 2023 has in store for the Florida real estate market.
Fla's Feb. Housing: Inventory, Median Prices Up
Florida Realtors: Closed single-family sales fell 21.3% last month amid inflation and higher interest rates, but for-sale inventory rose 131.4% to a 2.7-months’ supply.
U.S. Market Review: February Sees Acceleration in Demand, Supply, and Rates | AirDNA
Nights booked are up 15% YoY
1Q2023
Can you believe that 1Q2023 is coming to an end this week? We’ve had a busy first quarter and we have you to thank!Â
