Florida Housing Market Poised For Quick Bounce-Back After Slow AprilPosted by Mike + Michelle Grizzell on
It wasn't devastating but April 2020 did reflect a negative impact on the housing market through much of Florida. Last month, Florida Realtor's reported a nearly 21% drop in closed single-family home sales year-over-year, and a 36.5% drop in closed condo sales.
If that wasn't enough, April's figures also revealed a 27.2% drop in newly listed single-family homes and a 38.5% drop in condos/townhouses, further tightening an already low inventory. Not surprisingly, pending sales also saw similar declines of about 35% in the single-family home category and a whopping 56.6% in the condo/townhouse category.
Despite being what will likely be the weakest month of the year, however, experts are optimistic that the market in Florida is already showing signs of…
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