Here are since different views on existing home sales in Florida for October & November:
According to the Florida Association of Realtors, single-family existing-home sales dipped again for November and the median sales price slipped 3%.
The National Association of Realtors reported a slight rebound in home sales nationwide, they suggest a turn in the market.
A real estate analyst, Mike Larson with Weiss Research, Inc. in South Florida is expecting a weakness ahead and more growth in inventory stockpile.
Yet it was reported that the nation's existing home inventory level fell 1% to 3.82 million in November, and this cause some industry speculation that the decline was a sign the housing slowdown could be nearing its end.
While Orlando Regional Realtor Association reported that the Orlando area is closing on its second-best year on record, though resales in the core Orlando market fell 34%.
It was reported that the weakest metro area was Naples with a 45% drop in sales.
In this article of the Sentinel, it was also reported that new-home sales showed strength in November, with sales rising 3.4% from October, though sales in the South were still down for the month. Despite extensive incentives and giveaways, new home sales in the Orlando area market also remain sluggish.
Despite any changes in the market, life still goes on. People will still continue to move to and from places to places. Homes will continue to sell, and people will continue to buy. It just means there are more choices for everyone. So as Realtors, we have to look out for the interest of our buyers or sellers and help them thru the coming year.
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