South Florida 3rd Quarter Real Estate Market Report
How's the South Florida real estate market?
The Recipe for our 3rd Quarter 2021 Florida Housing Market
Here’s the Recipe for Our 3rd Quarter 2021 Florida Housing Market: Take one large housing-supply shortage; add a global pandemic, economic shutdown, and supply chain shortages; mix in rapid population growth, and you will yield today’s residential real estate market.
At a national level, we’re seeing record gaps in housing supply and demand. The US Census reveals 12.3 million households were established between January 2012 and June 2021. Compare this to the 7 million new single-family homes constructed during that time.
Florida Realtors reports a robust pace and high absorption rate…