Browsing Posts In: southwest florida

Recent Florida housing market data reported by Florida REALTORS® shows new pending sales, new home listings, overall sales, and median prices all increased for October, despite continued inventory shortages. The number of sales for single-family homes totaled 20,543 for October in Florida, an increase of 2 percent in comparison to October of last year. “Home purchases stalled by Hurricane Irma striking Florida in September resumed – and many of those sales closed in October,” said […]

The National Oceanic and Atmospheric Administration (NOAA) is predicting an active hurricane season. It estimates there will be five to nine hurricanes, with two to four of them being major storms. A weak El Niño could make for a more active hurricane season this year. The NOAA just recently said there is a 45 percent chance of an above normal season, a 35 percent chance of a near-normal season and only a 20 percent chance […]

The Southwest Florida economy was strong for the most part in the month of March, as it was statewide, according to recent reports and information released by Florida REALTORS®, and the Southwest Florida Regional Economic Indicators Report prepared by Florida Gulf Coast University (FGCU). Reports indicate the residential real estate market in Florida had a rise in the number of sales, higher median prices and an increase in pending sales for the month of March. […]

Townhomes are currently the most rapidly growing division of the single-family housing market, according to the National Association of Home Builders (NAHB). New construction of townhomes increased 17.8 percent from 2014 to 2015. That compares to a 10 percent construction increase for detached single-family homes and a 12.1 percent increase in co-op, condominium and apartment construction over the same period of time. In 2016, townhomes made up approximately 12.4 percent of all new construction in […]

The sale of single-family homes across the state of Florida totaled 18,033 for February 2017, down just 0.5 percent when compared to February 2016. Despite rising housing prices and continued inventory shortages, Florida’s economy and real estate market remain relatively strong and developing. “Florida’s economy is growing, with more jobs being created,” said 2017 Florida REALTORS® President Maria Wells. “And a growing economy boosts the state’s housing sector as well. However, many local markets are […]