Certain Sectors of the Florida Real Estate Market Charge Ahead, Others Lag
Although the Florida real estate market has been one of the strongest in the country, some speculate that this is the beginning of the end of the state´s boom.
Florida real estate agents are most concerned with sectors of the residential market "in which there has been a lot of investor activity." Price appreciation is expected to slow due to the fact that "housing affordability is on the decline" and prices in the sectors of concern are already too high for most buyers.
Every day there is more inventory in the $1 million to $1.5 million range, but it is the Florida real estate priced under $350,000 that continues to sell strongly.
When compared to July 2004, Florida real estate sales dropped by 8 percent this summer. "Because of the slowdown in sales, the appreciation in median sales prices will level off."
Florida real estate agents are most concerned with sectors of the residential market "in which there has been a lot of investor activity." Price appreciation is expected to slow due to the fact that "housing affordability is on the decline" and prices in the sectors of concern are already too high for most buyers.
Every day there is more inventory in the $1 million to $1.5 million range, but it is the Florida real estate priced under $350,000 that continues to sell strongly.
When compared to July 2004, Florida real estate sales dropped by 8 percent this summer. "Because of the slowdown in sales, the appreciation in median sales prices will level off."
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