Florida housing remains strong as demand continues to fuel new home sales. The Florida Realtor’s Association also reported pending home sales up 6.5% and multi-family sales up 3.8%. This bodes well for sellers as we move closer to winter. Typically slow summer sales have kicked off early as snowbirds who want to be away from colder northern states during the cold frozen months seek a refuge before season begins at Thanksgiving. Inventory is low with resale at a 4 month supply, less in South Florida. It is definitely a seller’s market. New home builders confidence index is at it;s highest point, 61, since 2005.
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