Number of home sales down in Florida, local markets in 2023 from 2022

An Ormond Beach broker said homes sales were down 12% from 2022, but still higher than they were before the pandemic. And in Palm Coast, a real estate agent said sales stayed the same both years.

Photo courtesy of GJS/Adobe Stock
Photo courtesy of GJS/Adobe Stock
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Florida home sales declined in 2023 from 2022, but the state-wide averages were very different from the local markets in Palm Coast and Ormond Beach.

Overall in 2023, Florida’s inventory of existing for-sale homes grew from 2022, but actual sales of single-family homes decreased 10.3% in 2023 compared to data from 2022, a press release from Florida Realtors said. Florida Realtors Chief Economist Dr. Brad O'Connor said 2023 was a rough year for residential real estate because of the increase to interest rates.

In Florida, the state’s economy created many new jobs, causing families move to the state “in droves,” the press release said.

 

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Sierra Williams

Sierra Williams is a staff writer for the Palm Coast Observer covering a variety of topics, including government and crime. She graduated from the University of Central Florida in 2021 with her bachelor's degree in print/digital journalism and a minor in political science. Sierra moved to Palm Coast in September 2022 and is a Florida native from Brevard County.

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