Looking Ahead to South Florida's 2020 Housing Market

The Florida housing market wasn’t quite as robust in 2019 as many of us had hoped, especially when it comes to the luxury market, but there were also more single-family and condo sales overall this month compared to November 2018, which could be a good sign heading into the new year. 

According to new data from Florida Realtors, existing single-family home sales spiked 14.4% statewide this past month, while condo-townhouse sales across the Sunshine State also jumped nearly 9% compared to last year. 

What’s even more encouraging is that November also marked the 95th month in a row that statewide median sales prices for both categories rose year-over-year, suggesting the market is still in a good place, even despite a major dip in International buyers in 2019. 

But thanks to on-going population growth, 2.8 percent job growth over the last month, and a high-level of domestic housing demand all over, Florida is poised for continued investment and growth in 2020.