Home sales are beginning to slow across the United States, including in South Florida. And as the supply of active listings grows, prices may start to decrease.
Pending home sales have fallen by 6.4% in the U.S. compared to last year, according to Redfin, a real estate and mortgage service. South Florida is experiencing this drop, too.
The market has begun digesting what Keyes Company CEO Mike Pappas called the “COVID-19 sizzle,” when home sales were at an all-time high and inventory was at an all-time low as people moved quickly in the real estate market…