Santa Rosa County FL Real Estate - Santa Rosa County FL Homes For Sale | Zillow (2024)

FAQs

Is there a shortage of homes for sale in Florida? ›

Despite a US housing shortage, Florida and Texas have too much supply, Redfin found. The states accelerated construction to take advantage of pandemic-era demand. But many are now priced out, while Florida's rising insurance costs are pushing down demand.

Orlando and Tampa are poised to sizzle in the real estate scene this year, securing spots among the top 10 hottest markets in 2024, according to Zillow's latest report.

Best Time to Sell Your House for a Higher Price

April, May, and June are the best months to sell your house in Florida. The median sale price of houses in June 2023 was $409,600, which is expected to rise in 2024. However, cities like Doral and Palm Breach Gardens follow an upward trend throughout the year.

Florida Housing Market Conditions

The current real estate market conditions in Florida are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.01%, marking a decline from approximately 8% in the preceding year of 2023.

It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.6%, making the average house payment $2,693, which is $80 lower than a year before.

Conclusion. It is important to stay updated on the changing South Florida home sales market. Despite strong job growth and increased migration, there has been an unexpected decrease in home sales. This presents a unique opportunity for both buyers and sellers to make the most of the situation.

According to Zillow, home price appreciation is expected to slow down significantly in the coming years, with a predicted increase of only 3.4% for 2024. This could provide relief to buyers who have been priced out of the market in recent times.

Miami. Miami, a vibrant city known for its diverse culture and stunning beaches, has a population of over 400,000 residents. The city's flourishing sectors in tourism, real estate, and entertainment provide stable opportunities for renters and investors alike.

Florida home sale prices peak in late spring before dipping again in late summer and early fall. If you are looking for a deal on a house, your best bet might be to look for a home around November or December.

What is the slowest month in real estate? ›

Typically, winter time is the slowest of the year to sell a property, specifically November, December, and January. However, there are some exceptions because there are several conditions that affect the housing market.

The costs can include fees for the title search, appraisal, and other services. They may also include charges for loan origination, document preparation, and insurance. In Florida, buyers are typically responsible for paying the closing costs. However, in some cases, the seller may agree to pay a portion of the costs.

Bottom Line: Is 2024 a Good Time to Buy a House in California? Yes. This is the best time to buy a house in California. With the current trend in the CA housing market, you'll find better deals on your dream home during Q2 2024.

If getting the lowest price possible is your main priority, consider searching for a home in November or December. There won't be as many houses to choose from compared to the spring and summer months, but you'll face less competition and a higher likelihood of purchasing a home below the asking price.

Is it a Good Time to Buy or Sell in Florida? The Florida real estate market continues to appreciate; therefore, even with higher mortgage rates, buying now could prove to be a worthwhile investment. The median sale price is predicted to continue rising between the strong demand and low inventory.

With Florida's affordable housing situation still at crisis levels, local officials, state lawmakers, researchers and other groups are looking to come up with new ideas, from changing zoning to lowering minimum lot sizes for developers.

This combination of increased housing supply for sale—the damaged homes, combined with strained demand, the resulting spiked home prices, spiked mortgage rates, higher insurance premiums, and higher HOAs—has translated into market softening across much of Southwest Florida.

Top reasons a nice house in Florida doesn't sell: Lack of Curb Appeal. If your house in Florida lacks curb appeal, potential buyers may overlook it despite its nice interior features. Curb appeal is crucial in the real estate market as it's the first impression buyers have of your property.

In conclusion, purchasing a house in Florida can be a smart move for your financial future. With its diverse real estate opportunities, significant property value growth, and favorable home appreciation rates, investing in a home in the Sunshine State could lead to substantial returns down the line.