{"id":3016,"date":"2023-10-22T17:19:08","date_gmt":"2023-10-22T21:19:08","guid":{"rendered":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=3016"},"modified":"2023-10-22T17:19:12","modified_gmt":"2023-10-22T21:19:12","slug":"existing-home-sales-in-florida","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2023\/10\/22\/existing-home-sales-in-florida\/","title":{"rendered":"Existing Home Sales in Florida"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008-1024x683.jpg\" alt=\"\" class=\"wp-image-1927\" srcset=\"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008-1024x683.jpg 1024w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008-300x200.jpg 300w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008-768x512.jpg 768w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008-1200x800.jpg 1200w, https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-content\/uploads\/2020\/10\/luxury-interior-201008.jpg 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>In 2023, the performance of existing single-family home sales in Florida has generally fallen short of the pre-pandemic transaction levels. Furthermore, throughout the year until August, Florida&#8217;s 2023 real estate transactions lagged behind those of 2022, though they have been gradually catching up. Notably, in September, closed sales of single-family homes experienced their first year-over-year increase in 2023, rising by over 6%.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Regarding pending sales of single-family homes in September, there was a decrease compared to August, which is typical for this time of year due to seasonal variations. However, when we examine the year-over-year change, we find that the decline in September was only marginal when compared to the same period in the previous year.<\/p>\n\n\n\n<p>Turning our attention to the supply side, we can assess the new single-family home listings in September. Although new listings in 2023 have been at their lowest levels in several years, they have been gradually approaching pre-pandemic levels in recent months. Remarkably, in September, the number of new single-family listings exceeded those in the same month in 2019, marking the first such occurrence this year. This trend also holds true when comparing this September&#8217;s new listings to those of the previous year, resulting in a year-over-year increase of 8%.<\/p>\n\n\n\n<p>With inventory levels showing signs of improvement but still below pre-pandemic levels, home prices have remained relatively stable in 2023. The median sale price for closed sales of existing single-family homes in September increased by 1.3% year-over-year, reaching approximately $410,000.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2023, the performance of existing single-family home sales in Florida has generally fallen short of the pre-pandemic transaction levels. Furthermore, throughout the year until August, Florida&#8217;s 2023 real estate transactions lagged behind those of 2022, though they have been gradually catching up. Notably, in September, closed sales of single-family homes experienced their first year-over-year [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,31,26,1],"tags":[12,13,16,15,20,19,17],"class_list":["post-3016","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-home-prices","category-home-selling","category-real-estate","tag-home-buying","tag-home-selling","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=3016"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3016\/revisions"}],"predecessor-version":[{"id":3017,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/3016\/revisions\/3017"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=3016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=3016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=3016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}