International buyers still choosing Florida, NAR says

  • 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.

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

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.