The December 2024 Monthly Housing Report from Realtor.com reveals a significant increase in the time homes spend on the market in Florida, with homes averaging 70 days, highlighting the slowest December since 2019 and the trend of extended market times continuing for the ninth consecutive month.
Newly listed home inventory in the South increased by 4.8%, contributing to a national inventory rise of 22% in 2024 compared to 2023. This surge could be impacting buyer engagement, as the balance of supply and demand shifts.
#florida-real-estate #housing-market-trends #market-analysis #covid-19-impact #real-estate-inventory
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