Realtor.com got 18K more new listings in Aug. 2021 than it did in Aug. 2020 – and more were affordable, entry-level homes. Realtor.com’s economist says it’s still a seller’s market, but a well-priced home might get 3 bids now compared to the 10 it would have received in 2020.
Florida market changes on realtor.com’s website
Realtor.com includes four Florida metro areas in its study, and the results are mixed. Active listings on realtor.com’s website are down in all four year-to-year:
- Jacksonville: Down 43.2%
- Miami (Miami-Fort Lauderdale-West Palm Beach): Down 46.6%
- Orlando (Orlando-Kissimmee-Sanford): Down 47.7%
- Tampa (Tampa-St. Petersburg-Clearwater): Down 40.7%
However, the number of new listings in August rose in two metros, up 2.8% in Jacksonville and up 8.6% in the Tampa area, even as they fell year-to-year in Miami, down 10.2%, and Orlando, down 2.3%.
About one in five sellers reduced their prices in three of the four metros, realtor.com claims, but closer to one in 10 in Miami:
- Jacksonville: 20.6% reduced prices
- Miami: 11.7% reduced prices
- Orlando: 19.3% reduced prices
- Tampa: 20.7% reduced prices
Credit to Kerry Smith & floridarealtors.org
Original Article: Here