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Northeast Florida Home Sales Bounce Back Following Hurricane Irma

December 4, 2017

 

Home sales in Northeast Florida were suffering for quite some time. Though, they seem to be on the way back to normal numbers pre-Hurricane Irma. 

 

"A total of 2,181 homes were sold last month in the area, according to the Northeast Florida Association of Realtors. That's a little more than the 200 sold in September and 120 higher than in October 2016," according to National Mortgage News.

 

"The median sales price of $205,000 was a $2,900 drop from September and more than $20,000 below the year's high in July. But it's $20,000 more than October 2016."

 

With medians still higher than the prior year, the hit wasn't as bad as early predictions may have expected.

 

We published an article which stated that the housing markets didn't take huge hits in areas like Florida and Texas, despite the terrible hurricanes that ravaged some areas of the states.

 

Both housing markets seem to have stabilized substantially but were in no real danger to begin with. 

 

For more information on the Northeast Florida housing market, click on the image above

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