According to recent reports, Florida’s real estate market experienced a notable change in October. While the supply of single-family existing homes in the state increased by a significant 29.6% compared to the previous year, home sales saw a decline. Here are the key highlights:

• Single-family existing homes in Florida had a 3.5-month supply in October, reflecting a 29.6% YoY increase in inventory.
• Home sales in the state witnessed a decline during this period.
• The supply and demand dynamics in the Florida real estate market continue to evolve, with inventory levels experiencing notable changes while sales fluctuate.
• Further details and analysis can be found in the original article published on Weekly Real Estate News titled “Florida Home Sales Down While Prices Seesaw Up.”

This update sheds light on the current situation in Florida’s real estate sector, highlighting the changing supply and demand dynamics and their impact on home sales. It is crucial for industry professionals and potential homebuyers/sellers to stay informed about these market shifts for informed decision-making.

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