Florida Home Sales Bounce Back From Irma’s Impact

(November 15, 2017 – Orlando) Sales of orlando homes posted positive increases in October, just one month after Hurricane Irma hit the pause button on housing transactions, reports the Orlando regional realtor association. sales increased by 7 percent in October when compared to October of last year, and increased by 14 percent when compared to last month.

With Hurricane Irma roaring in as one of the most powerful storms on record, many are wondering what effect it will have on real estate. Even more so given it comes right on the heels of record setting hurricane harvey. So, what is the immediate impact of this storm on real estate?

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South florida skyline (credit: pixabay) Residential sales may be on the rebound in South Florida following a dismal third quarter, thanks in part to pent-up demand from Hurricane Irma, according to the Q4 Elliman Reports. In Miami Beach and the barrier islands, closed sales jumped 14.2 percent year-over-year to 757.

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Orlando home sales bounce back one month after hurricane irma. sales of Orlando homes posted positive increases in October, just one month after Hurricane Irma hit the pause button on housing transactions, reports the Orlando Regional REALTOR® Association. Sales increased by 7 percent in October when compared to October of last year, and.

Sales of single-family homes statewide totaled 21,087 last month, up 17 percent compared to September 2017, while the statewide median sales price for single-family existing homes was $251,610, up 4.9.

 · On the topic of home prices, Yun said increasing demand in recent months, without meaningful gains of new and existing-homes available for sale, is starting to negatively impact affordability and.

Hurricane Irma: Its Impact On Real Estate. With Hurricane Irma roaring in as one of the most powerful storms on record, many are wondering what effect it will have on real estate. Even more so given it comes right on the heels of record setting Hurricane Harvey. So, what is the immediate impact of this storm on real estate?

Tampa Bay-based developer and restauranteur Jamal Wilson says he was spared the worst of Hurricane Irma: Destruction. and get sales going again after a major storm. Hundreds of thousands of Florida.

The economic impact of Harvey and Irma is fading; claims dropped in Texas and Florida as more people returned to work. But the Labor Department said that Hurricanes Irma and Maria have disrupted.