There are 8,854 homes for sale in Cape Coral with a median price of $269,963, which is an increase of 8.4% since last year. The Florida housing market predictions 2020 are that home values will continue increasing (projected to increase 2 percent within the next year). In Florida, 7% of the homes hold a negative equity vs. 8.2% U.S. average. Do Buyers Rule the West Palm Beach Real Estate Market Today? Closed sales of single-family homes statewide rose 13.7% to 89,562 units in 3Q 2020, year over year. Currently, Florida’s real estate market is ranked as “very hot” (As of October 2019). “Over the past few months, our homes have become more important than ever,” Grooms said. We’ll give you a list of the top-performing cities at the end of this blog, but for now, let’s take a look at the Florida housing market forecast 2020: Future rental property performance in the state is looking good- all numbers point to a profitable real estate investment in 2020. Let’s recap how 2019 ended for the market and what’s expected for 2020. Coronavirus Florida: Sarasota-Manatee braces for slowing real estate market After solid momentum to start the year, the Sarasota-Manatee real estate market is bracing for a … Section menu for sidebar. Why wouldn’t people want to invest in Florida real estate? Florida real estate enjoyed a strong September with sales and prices on the rise How to solve Florida's large-scale affordable housing crisis Growing demand for industrial real estate Is Now a Good Time to Invest in Real Estate? If you are looking to make any investments in the real estate market of Florida, this is the right time. “Primary focus of Florida Real Estate Trends 2020 will be to explore which of these trends will continue throughout the next 12 months.”, […] to promote your property throughout a divorce, you have got just a few choices for a fast sale. Broward Single Family Homes: May 2020: May 2019 % Change Year-over-Year: Closed Sales: 814: 1,661-51.0% % Paid in Cash: 17.7%: 17.5%: 1.3%: Median Sale Price: $372,500 New Industrial Developments Make Chicago Real Estate More Attractive, 6 Reasons Virtual Leasing and Home Buying Is the Future, Home Prices Fell During COVID-19 in These Cities, Airbnb Occupancy Rate Up 13% as Market Recovers. Find real estate, homes for sale, properties for rent, school and neighborhood information and much more. The US housing market had a great year in 2020, and the circumstances ahead should make the forecast for year 2021 an amazing one.. With low inventory, delayed construction, latent buyers ready to pounce, and a cash rich buyer pool, a 20% year over year price growth rate by May isn’t outlandish. Florida is surrounded by the Gulf of Mexico, Alabama, Georgia, and the Atlantic Ocean. In Florida, median home values have ramped up to 4.1% over the last year. Increase in Home Values in 2021: As we approach 2021, home values are projected to climb anywhere from 3% to 6% nationally. Properties priced below $200,000 are selling a lot faster than luxury homes (30 days faster). The best way to find the perfect investment property in the Florida housing market is to use our Property Finder. All of this combined with the fact that it is one of the few states with no income tax makes buying a house in Florida for investment quite the favorable decision next year. New listings of single-family homes went down 2.2 percent this year with 96,984 new units on the market. If youÂ sign up for a free account, you can find lucrative investments that match your criteria in a matter of minutes. Although a hot real estate market is good because it means it’s active, the pressure on prices and the high demand could be signs of a possible housing market crash. Related: Job Growth and Its Effects on the US Housing Market. Housing Market Forecast 2021. Kathleen Corso, Special Projects Producer. If you are looking for homes for sale with good flipping profit, Orlando can be a profitable property investment option. According to Zillow, Florida home values went up 4.3% since last year. Clay LePard, Reporter. 'Hottest real estate market in the world' may be Palm Beach, Florida, brokers say . Putting your home on the market in Florida or Colorado takes a whole lot of work and time when you don’t have any expertise. Tier II: 50 More Up-and-Coming Real Estate Markets to Watch in 2020 #51: Manchester, New Hampshire. Home prices in South Florida have held up through the coronavirus (COVID-19) pandemic — so far. As happened during past recessions, the number of transactions activity declines to the point where it is a challenge for appraisers to find “comparable sales” to value the property. The best way to form reliable Florida housing market predictions is to look at the numbers. Quite the contrary. At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Orlando City in Florida State, Orange County. Condo sales increased from Q1 2019 to Q2 2019 with a total of 34,128 condos and townhomes sold. Sellers are experiencing sobering price corrections. Map Showing Southeast Florida (Miami, Ft. Lauderdale, and Points North). In addition to the above reasons: Recessions have hit regularly for hundreds of years in the US, and the next one is right around the corner. If not writing, Heba is exploring and learning. It is estimated to grow by another 3.6% in 2020. You can only imagine how high the level of demand is for housing and rental property in South Florida. Ventilation and COVID-19: What’s the Connection? Using Mashvisor’s investment property calculator, we’ve located some of the top-performing Florida cities for rental property investments. However, this is a 1.4 percent drop in volume from last year. HOTTEST REAL ESTATE MARKETS IN AMERICA 2020. That projection is in line with the prediction of Irvine-based real estate data firm Attom Data Solutions, which reported foreclosures nationwide may spike as early as second-quarter 2021. Note that we will only be listing our data on traditional long-term rentals. If you don’t absolutely have to own a home in Florida right now, you may be rewarded with lower, possibly much lower Florida home prices within the next few years. Most of all, she enjoys writing about the constantly changing markets in the US real estate industry. If you would like access to our short-term rental data on a Florida city, sign up for Mashvisor. But recent research and housing forecasts suggest that the Miami (and broader South Florida) real estate market could see a price crash through 2020 and into 2021. CA BRE#01804478. Currently, Florida’s real estate market is ranked as “very hot” (As of October 2019). Taking a look at some key return on investment trends shows us that you can make some lucrative investments in the Florida housing market 2020. ¹Based on Quicken Loans data in comparison to public data records. Zillow Market Pulse: November 20, 2020 By Matthew Speakman on Nov. 20, 2020 Editor’s Note: Because of the Thanksgiving holiday, our regular Market Pulse updates will not be … Home sales have significantly increased by 11% over the past few months.