Miami Tops U.S. Buyer Markets With 140% Seller Surplus in June as Florida Dominates
Updated
Updated · South Florida Sun Sentinel · Jul 14
Miami Tops U.S. Buyer Markets With 140% Seller Surplus in June as Florida Dominates
3 articles · Updated · South Florida Sun Sentinel · Jul 14
Summary
Miami posted the nation’s strongest buyer’s market in June, with an estimated 140% more sellers than buyers, according to Redfin.
Redfin said buyers are being deterred by more frequent natural disasters, high home prices, rising insurance premiums and higher condo HOA fees, leaving sellers with less leverage.
Orlando also strengthened sharply, reaching a 98% seller surplus in June from 81% in May, while Miami widened from 127% to 140%.
West Palm Beach, Jacksonville and Tampa also ranked as Florida buyer’s markets, with seller surpluses of 86%, 74.4% and 70%, respectively.
About 70% of U.S. metros analyzed were buyer’s markets in June, underscoring a broader shift toward buyers even as Florida led the imbalance.