International buyers still choosing Florida, NAR says

NAR data shows nearly a quarter of international sales over the last year fell in Florida
  • Foreign buyers scooped up 214,885 properties in the U.S. during the last year, compared to 208,947 the year prior.
  • The median for foreign buyer purchases is $277,380, versus the median price of $223,058 on all U.S. existing home sales.
  • Of the $102.6 billion in purchases from foreign buyers between April 2015 and March 2016, Florida held 22 percent of transactions.
  • Florida attracts buyers from Latin America, Europe and Canada looking for vacation homes in warm climates.

Despite the all-cash disclosure rules active between March and September 2016 in Miami, the National Association of Realtors says Florida remained one of the biggest international buyer destinations over the last year.