Home Sales Start to Bounce Back After Irma November 21, 2017 by RebeccaLook Leave a Comment (Fort Myers, FL – November 21, 2017) – After a very dramatic shift in housing statistics in the month immediately following Hurricane Irma, the Lee County market had a much better month in October.
Home sales were down by double digits, but prices increased.
Overall real estate sales have been pretty strong this year before Irma’s impact, and that is expected to continue. A report last week from the Northeast Florida Association of Realtors showed that closed sales in the region, which includes part of St. Johns County, were down 5.2 percent in August compared to August 2016.
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Sales companies and exporters can’t meet their numbers, which then impacts the truckers, packers, pickers and juice plants. For the farmers who weren’t vertically integrated prior to Hurricane Irma, there is a great fear that their farms won’t be able to bounce back.
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 increased by 14 percent when compared to last month.
Orlando’s travel market bounced back with a vengeance after Hurricane Irma pummeled the region – contrary to many other industries. The storm, which battered the region on Sept. 10-11, left.
Home Sales Start to Bounce Back After Irma FOR IMMEDIATE RELEASE (Fort Myers, FL – November 21, 2017) – After a very dramatic shift in housing statistics in the month immediately following Hurricane Irma, the Lee County market had a much better month in October. Closed Sales were still down for Single Family Homes in October, but not as
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.