Price hikes, lower inventory levels and fast sales in September set the tone for an unusually busy autumn for the US property market. Competition for homes will be fierce and many buyers will not be able to purchase the property they want. As a result, opportunities for buy-to-let investment will open up even further.
The long-awaited figures for the Florida property market in Q2 2020 show a mixed bag. On the one hand, median prices rose as did pending sales, but on the other, supply plummeted. The lack of available single-family homes leads experts to augur strong bidding wars over the next few months.
Even during stay-at-home recommendations, the US real estate market has continued to show signs of strength. Despite fewer listings and a slowdown in the time taken to sell property, house prices keep rising. Median prices for May registered the highest ever.
Property in the Sunshine State notched up another rise in February, the 98th monthly increase in a row. It was a particularly busy month for the Florida real estate market with both condos and single-family homes posting impressive sales figures and price rises. March too looked busy as new pending sales for all types of property registered double-digit increases.
Discover why “exploding growth” makes for one “hot” Florida property market and which metro areas in the Sunshine State have the best potential.
The best US real estate investments are this year? Find out why 2 Florida metros top the listings and why buy-to-let is “a good move in 2019”.
International property purchasers continue to choose Florida real estate as their favourite location in the US. Find out who is buying what in Florida.
September’s figures for the Florida property market mark the 81st consecutive month of increases in sales and prices. Discover the full picture here.
If you’re looking for buy-to-let here are the Forbes picks for the best cities to own rental property in Florida and “turn a steady profit”.