Single-family home sales activity in Florida recently rose by 8.6 percent year-over-year. That’s mostly due to the performance of four MSAs (metropolitan statistical areas). According to Florida Realtors, 23,605 existing homes sold during August statewide, with 13,346 of those sales (56.5 percent of all statewide sales) occurring in one of these MSAs
- Four MSAs accounted for nearly 57 percent of all August sales in Florida.
- Miami leads all Florida MSAs in single-family and condo sales.
- Inventory is a concern for Florida moving forward.