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Eye Watering H P C Figures From Britsville In Florida

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Housing slump deepens in July

Sarasota is second-worst in state as sales fall nearly 50%; Charlotte sees 37% decline
So much for a soft landing.
The median price of a single-family home sold in the Sarasota region in July
dropped 11 percent from a year ago
and the number of homes sold plummeted nearly 50 percent, according to numbers released Wednesday.
The report from the Florida Association of Realtors showed that the market was among the weakest in the state and that July was the worst month for Sarasota home sellers this year. The fall in the median price to $301,100 from $338,100 a year ago was the largest percentage drop of any Florida metropolitan area. The decline in the number of sales was the second-worst in the state. The median price is the point at which half the houses sold for more, half for less.

I can recall watching houses in FL on "A Place in the Sun" about a year ago and how Brits were buying up like rabid dogs fighting over a bone. :o

With 11% down at the first stages of the crash the bottom could be very deep indeed.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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