The Sunshine State, along with Texas, now has the highest share of homes sitting idle in the market for over 60 days.
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Floridahasseenthebiggestyear-over-yearsurgeinstaleinventoryintheentirenationinNovember,accordingtoanewreportbyrealestatebrokerageRedfin,asnewpropertiesfloodedthemarketatatimewhenfewseemedtobeinterestedinbuyingthem.
TheSunshineState,togetherwithTexas,nowhasthehighestshareofhomessittingidleinthemarketforover60dayswithoutgoingundercontract,Redfinwrote.
NewsweekcontactedRedfinandFloridaRealtorsforcommentbyemailonMondaymorning.
WhyItMattersTherecentriseinstalelistingsisyetanothersignthattheonce-boomingFloridahousingmarketisnowfacingalikelydownturnasinventorypilesupatatimewhendemandisdwindling.
WhatToKnowAmongthetop50metropolitanareasinthecountrywiththehighestsharesofhomessittingidleonthemarketwaitingforabuyer,sixwereinFlorida.Miami,thecitywiththehighestshareofstalelistingsinthecountry,countedatotalof63.8percentofhomesthathadstayedonthemarketwithoutgoingundercontract.
Alistingneedstostayont
