Skip to main content

Florida Home Sales Bounce Back From Irma’s Impact

Phil Hall
Oct 22, 2018
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors

In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors.
 
Sales of single-family homes statewide totaled 21,087 last month, up 17 percent compared to September 2017, while the statewide median sales price for single-family existing homes was $251,610, up 4.9 percent from the previous year. condo-townhouse market, statewide closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago. In the condo-townhouse market, closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago, while the median price was $182,500, up 5.5 percent over the year-ago figure. September was the 81st consecutive month that statewide median sales prices for both single-family homes and condo-townhouse properties increased on a year-over-year basis.
 
Nonetheless, the trade group acknowledged that the September data should be viewed with an asterisk.
 
"This September marked the one-year anniversary of Hurricane Irma carving a path of destruction across the entirety of the Florida peninsula," said Florida Realtors Chief Economist Brad O'Connor. "With most areas of the state out of commission for a week or more, we saw severely depressed levels of closed sales, new pending sales and new listings last September.  For this reason, the year-over-year changes in these three metrics are inflated in this September's data and aren't reflective of current trends."

 
Published
Oct 22, 2018
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021