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Florida Home Sales Down, Inventory and Prices Higher in January

The Realtor organization blamed buyer uncertainty caused by the partial federal government shutdown, instability in the stock market and the specter of rising mortgage interest rates as the root causes of the lower sales volume in January.

Source: Florida Realtors Source: Florida Realtors

ORLANDO, FL—The latest data from the residential home sales market in Florida was a mixed bag with sales falling more than 6% in January, but for-sale inventory ratcheting higher, which could help add more affordable properties to the market going forward.

Sales of single-family homes statewide totaled 15,526 last month, down 6.2% compared to January 2018, according to Florida Realtors, which is based in Orlando. Statewide closed sales of condominiums last month totaled 6,739, down 10.9% compared to a year ago.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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