Reported about 18 hours ago
Real estate markets across the Sun Belt, once booming, are now facing longer home sales times, with homes in Florida taking a median 73 days to sell, up from 55 days two years ago. This slowdown is attributed to an influx of unsold homes, homeowners surrendering to high insurance costs, and investors divesting rental properties. As inventory rises, traditionally high competition among buyers has diminished, leading to a new reality where many homes have been on the market for longer than expected.
Source: YAHOO