Florida sellers who bought during the market’s run-up are finding that a sale can mean taking a loss.
More than half of the homeowners in several Northeast Florida counties who purchased in 2022 or 2023 and have already resold did not recover their costs once estimated buying-and-selling expenses were included.
St. Johns County stood out, with over 70% of those homeowners losing money, WJXT reported.
Here’s what to know
A Momentum Realty review of more than 2.3 million homes across Florida found that St. Johns County posted the state’s largest share of resale losses, according to WJXT…