Today I wanted to compare today’s housing market from this time last year in Florida’s biggest cities.
Jacksonville Housing Update:
- New Listings – Down 18.4% YoY
- Active Listings – Up 11.75% YoY
- Pending Home Sales – Down 33.46% YoY
- Median Sale Price – Up 18% YoY
- Median Sale Price – Down 3.5% From July
Orlando Housing Update:
- New Listings – Down 11.2% YoY
- Active Listings – Up 37.99% YoY
- Pending Home Sales – Down 18.46% YoY
- Median Sale Price – Up 16% YoY
- Median Sale Price – Down 1.3% From July
Tampa Housing Update:
- New Listings – Down 5.3% YoY
- Active Listings – Up 53.05% YoY
- Pending Home Sales – Down 20.65% YoY
- Median Sale Price – Up 20% YoY
- Median Sale Price – Down 2.6% From July
Miami Housing Update:
- New Listings – Down 19.1% YoY
- Active Listings – Down 16.24% YoY
- Pending Home Sales – Down 15.23% YoY
- Median Sale Price – Up 12% YoY
- Median Sale Price – Down 1.7% From July
My takeaway is the inventory in every city but Miami is going up by a significant amount. This isn’t because of new listings as those are down from this time last year. As a result, we’ll see sales price continue to go down similar to their drop from July.
What are your thoughts?
Thanks for reading,
Chris
