Florida Experiences Major Increase in Unsold Homes Amid Decreasing Demand - PRESS AI WORLD
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Florida Experiences Major Increase in Unsold Homes Amid Decreasing Demand

share-iconTuesday, December 31 comment-icon1 month ago 6 views
News sources:
newsweekNEWSWEEK
Florida Experiences Major Increase in Unsold Homes Amid Decreasing Demand

Credited from: NEWSWEEK

  • In November, Florida recorded the greatest year-over-year rise in **stale inventory** among U.S. states, according to a report by Redfin.
  • Florida ranks alongside Texas for the highest percentage of homes remaining **unsold for over 60 days**, highlighting weak demand.
  • Miami has the **highest share** of idle homes in the country, with **63.8%** of listings not under contract.
  • Tampa reported a **56.9%** rate of stale listings, marking a **12.3%** increase from the previous year, the highest nationwide.
  • Experts caution that the Florida housing market may see **price declines** as inventory levels continue to rise and buyer interest wanes.

For more details, visit the original article at Newsweek.

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Real estate Florida housing market Unsold homes Stale inventory Home prices
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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