Current Market Data

South Florida’s luxury real estate market saw ‘return to normal’ in 2022

South Florida’s luxury real estate market had fewer home and condo sales in 2022.

Redfin: Housing market has started to recover

Homebuyers are returning, but sellers still aren’t filling the need as inventory remains low.

Home sales improve as more buyers return to the market

Homebuyer demand is rising, as mortgage applications rose 28% since November, and more prospective buyers are scheduling home tours.

New-home sales rise in December 

The median sales price of a new home was down on a monthly basis but up on an annual one. 

NAR: Existing-home sales dip 1.5% in December 

House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.   

Home prices increase as falling mortgage rates attract buyers

More buyers have entered the market in the past four weeks as mortgage rates fell.

Single-family starts, builder confidence rise 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

Palm Beach and West Palm Beach see fewer transactions but higher prices during the fourth quarter of 2022

Single-family home and condo sales decreased in Palm Beach and West Palm Beach during the fourth quarter of 2022.

Miami projected to be one of the hottest U.S. housing markets in 2023

Miami will be one of the nation’s hottest housing markets in 2023, according to a recent Zillow forecast.

Florida saw influx of new residents in 2022

Florida had one of the highest net migrations in the country in 2022, according to a new report from North American Moving Services. 

Pending home sales drop to lowest level in seven years

Redfin attributes the drop to the record high mortgage rates, recession concerns, record low inventory, extreme winter weather and the holiday slowdown. 

Buyer concessions make a comeback in the fourth quarter

A record share of sellers are giving buyers concessions including money for repairs and mortgage-rate buydowns.

CoreLogic: Annual home-price growth rate slows to 2-year low 

Geographically, the largest home-price increases took place in the Southeast, led by Florida (18%), South Carolina (13.9%) and Georgia (13.6%), CoreLogic reported, citing its November Home Price Insights report.    

Home supply posts record year-over-year increase

Homes linger on market longer as buyers take their time.

Financial Health Index ranks Miami among top 30 U.S. cities

Miami was named a top 30 U.S. metro area on the Financial Health Index, released this month by TheCreditReview.

NAR: Pending-home sales slide for sixth month in a row in November 

Regionally, the pending-sales index fell 7.9% month over month in the Northeast, 6.6% in the Midwest, 2.3% in the South and 0.9% in the West. 

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