In the previous month, closed sales of existing single-family homes all over the state amounted to a total of 17,722 while existing condo-townhouse sales reached 7,108, according to data from Florida Realtors Research Department.
Closed sales may also occur from 30 to 90 or more days after sales contracts are written.
“Lately, prospective buyers in Florida have seen an increasing number of choices in their home searches,” said Brad O’Connor, Florida Realtors chief economist.
“The number of new listings was uncharacteristically low at this time last year, but over the last couple of months, we’ve seen the level of new listings move back into the range of recent norms,” he added.
O’Connor explained that new listings of single-family homes in Florida increased by 15.3% year-over-year in November, while new listings for townhouses and condos rose by 25.9%.
Source: mpamag.com