Current Market Data

New listings growth seen across U.S. markets in June
New listings growth seen across U.S. markets in June

Housing markets across the country saw new listings growth in June, as the median list price hit yet another all-time high, and Tampa was no exception.  In June, new listings nationwide increased 10.9% from May and 5.5% year over

NAHB: Residential construction spending rises in May thanks to single-family sector
NAHB: Residential construction spending rises in May thanks to single-family sector

Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.

S&P CoreLogic Case-Shiller: Home-price gains “truly extraordinary”
S&P CoreLogic Case-Shiller: Home-price gains “truly extraordinary”

Home prices continued to gain steam in April, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 2.1% increase from March and a 14.6% increase from a year earlier.

Existing-home sales slide again nationwide in May
Existing-home sales slide again nationwide in May

Existing-home sales declined nationwide for the fourth month in a row in May, as the median price for existing homes hit another record high, the National Association of Realtors said. 

Market Reports for St. Lucie, Martin, Palm Beach and Broward Counties
Market Reports for St. Lucie, Martin, Palm Beach and Broward Counties

May showed the momentum keeps building in the South Florida housing market with rising prices and shorter times from listing to contract.

New-home mortgage applications drop 9% in May
New-home mortgage applications drop 9% in May

Mortgage applications for new-home purchases fell 9% on a monthly basis and 5.9% on a year-over-year basis in May, the Mortgage Bankers Association reported, citing its Builder Application Survey.

70% of homebuyers still facing bidding wars
70% of homebuyers still facing bidding wars

Market competition has eased up recently, but seven in 10 buyers still face bidding wars, according to a new report from Redfin.

ONE Sotheby’s, Linda R. Olsson, Douglas Elliman and others report luxury market still ‘on fire’
ONE Sotheby’s, Linda R. Olsson, Douglas Elliman and others report luxury market still ‘on fire’

As the South Florida economy rebounds, the real estate market squeezes out local residents with out-of-town buyers and an ‘on fire’ luxury segment.

Miami-Fort Lauderdale home inventory levels dropped in May
Miami-Fort Lauderdale home inventory levels dropped in May

Only six of the country’s top-50 largest markets saw inventory fall from April and new inventory has trended up since mid-March.

Miami home sales transactions up 131.8% from a year ago
Miami home sales transactions up 131.8% from a year ago

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Miami dipped even further, declining 14.7%, according to the RE/MAX May National Housing Report.

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