Anyone who has been following the investment market for Florida Villas for Sale will have seen lots of activity this year as the market continues to improve. Although we are heavily influenced by the high proportion of foreign investors who choose Orlando to purchase Florida villas for sale it is encouraging to see that the US housing market as a whole continues to take great strides towards “normality”.
Daily Real Estate News | Thursday, September 19, 2013
As the peak home-buying season comes to an end, rising inventories and slower, steadier home-price increases in many markets are showing a healthier housing recovery, according to realtor.com®’s National Housing Trend Report for August.
“Where we have seen significant volatility in many markets — including double-digit declines in inventories as well as increases in median price for both yearly and monthly views — we are now looking at a housing market that is less heated and moving closer to normalcy,” says Steve Berkowitz, CEO of Move, Inc., which operates realtor.com®.
Earlier this year, tight inventories persisted in many housing markets, leaving buyers with limited options and helping to drive home prices up. Future home-price increases on Florida villas for sale may be driven more by market demand than inventory shortages.
The majority of markets are ending the 2013 home-buying season on a positive note, with more balanced inventories, shorter times on market, and higher listing prices compared to a year ago, realtor.com® notes.
Nearly a third of the 146 markets that realtor.com® evaluated are within 5 percent of last year’s inventory levels. More than two-thirds saw a net increase in inventory levels over the last month.
Price appreciation is also becoming more widespread, realtor.com® notes. In August, 123 of the 146 markets posted year-over-year rises in median list prices. Seventy-eight markets saw an increase of 5 percent or more.
Source: “Dynamics Shift in Housing Market,” realtor.com (Sept. 12, 2013)
This report demonstrates that the improvements and increasing prices we have experienced on Florida Villas for sale in Orlando is being repeated across the US.