Price Adjustments in Florida Rise Rapidly
Lamacchia Realty
MARCH 26, 2024
In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Source Inventory rises when more sellers are listing than buyers are buying. When that becomes the case, homes can sit on the market for longer and longer.
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