Following the trend of the second half of 2020, December saw increased home sales year-over-year nationwide, as the housing market continued to charge forward amid an otherwise struggling economy. Florida Real Estate Market was no exception.
Nationally, sales in 2020 reached their highest level since 2006, according to new figures released Friday by the National Association of Realtors. In December alone, sales of single-family homes, townhomes, condos and co-ops were up 22.2 percent compared to the same month in 2019.
December also marked an all-time low of unsold inventory since the association began tracking the supply of single-family homes in 1982. It was estimated at 1.9 months, which is the amount of time it would take to sell all properties for sale at the current pace of sales, assuming no new properties are listed.