Florida Home Sales Drop in December

Sales of single-family homes in Florida totaled 26,992 last month, up 6.2% over April 2018, according to the latest housing data released by Florida Realtors®. "Still-low mortgage interest rates.

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Florida’s home sales ended December on a down note, according to new data from Florida Realtors. Last month, the Sunshine State was 20,633 single-family home sales, 9.9 percent less than one year earlier.

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The 11.6 percent drop is the biggest year-over-year slump of any month this year, all of which recorded declining home sales..

Total home sales in the United States from 2011 to 2019 (in millions) total home sales in the U.S. 2011-2018 Number of existing homes sold in the United States from 2005 to 2020 (in million units.

After a strong February, resale home sales plunged 4.8% while prices actually rose again 3.8% to a median of 259,400. Experts had called for a 5.3% increase in sales. The drop in home sales was despite lower mortgage rates, wage gains and slower home price rises. 30 year mortgage rates fell .1% to 4.27%.

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New single-family home sales fell in December, posting an annual rate of 536,000, 10.4 percent below the prior month’s figure, according to the U.S. Census Bureau and the Department of Housing.

 · Homes sales drop, price increases slow in most of Tampa Bay in July This six-bedroom, six-bath home in Tampa sold in July for $4.4 million, making it the top sale of the month in the Tampa Bay area.

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