Florida Housing Forecast 2021

Market Report provided by Gord Collins

Florida’s real estate market in August saw an increase in closed and new pending sales, higher median house prices and growing new listings in August compared with August of last year. The fact is, a lot of people want to move to the Sunshine State. In the next 8 months, as the pandemic eases, experts will begin to notice this migration. In the meantime, August sales and prices rose while home supply continues to run out. Another report from Florida Realtors showed 400k fewer homes were listed for sale in Florida due to the pandemic. Fewer listings is typical of the national housing market, or housing markets in Boston, New York, California, Dallas , Denver, or San Diego. Homeowners are very reluctant to sell in this economic climate.