Interest rates chill home sales in Northeast Florida – Jacksonville Today
High interest rates are putting an unusual summetime damper on homes sales in Northeast Florida. Sales normally rise in June, but both closed sales and pending sales are down this year — a sign that interest rates around 7% are keeping buyers on the sidelines, according to the Northeast Florida Association of Realtors Closed sales declined nearly 11% from May to 1,907 in June, and pending sales plummeted 35% to 1,261, the Realtors group said in a news release Thursday. The median sales price for a single-family home rose 1.3%…
Read More