The shrinking stock of properties for sale sent home sale prices soaring in Southwest Florida last month.
But buyers shrugged off that 21 percent jump in singlefamily home prices as sales increased 5 percent over the year, according to data released Monday by the Florida Realtors trade group.
The steadily tightening inventory has created a sellers’ market, with buyers forced to make quicker decisions while homes attract multiple bidders.
Source: sarasotaheraldtribune.fl.newsmemory.com
The shrinking stock of properties for sale sent home sale prices soaring in Southwest Florida last month. But buyers shrugged off that 21 percent jump in single family home prices as sales increased 5 percent over the year, according to data released Monday by the Florida Realtors trade group. The steadily tightening inventory has created a sellers’ market, with buyers forced to make quicker decisions while homes attract multiple bidders.