One reason Florida homeowners might be willing to sell despite the less than ideal market conditions might be the high insurance rates in the state.
Florida has the highest number of 'motivated' sellers listing their properties on real estate marketplace app Zillow, according to data on the platform.A search showed that, as of Wednesday, February 28, there were 4,928 listings on Zillow's app for Florida properties whose sellers described themselves as 'motivated'—meaning they would accept lower offers from potential home buyers to sell quickly.
'We're seeing a lot more listings in general in Florida than we were a year ago, and that's been the case the last four to five months,' O'Connor said. 'But if you look at historical data, the number of new listings we're seeing now is actually very similar to that of four to five years ago, prior to last year. So last year was kind of the anomaly, we had a low number compared to normal.
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