Florida Dominates Top 10 Turnaround Housing Markets
Back in October we blogged about the "2011 Best and Worst Housing Markets" as published by Business Week. We were blown away when we read that Florida accounted for 17 of the top 25 spots on the worst housing markets list which surely meant certain doom for the state. Well, as we have reviewed before, sometimes it's all about how you analyze the data. Only four months after dominating the worst housing market list Florida has made headlines again, this time on CNBC's "Top 10 Turnaround Towns".
Of the top ten cities on the list, only two are located outside of Florida. So what exactly does this mean? Well, it's probably all about who you ask or how you look at the data. From one point of view it certainly looks like many Florida metropolitan areas are making a big comeback, but, if you consider that their home prices took major hits during the recession and that they have an overflow of inventory you start to realize the data is skewed. The reality is that these metropolitan areas are seeing a rise in home sales simply because they have more homes to sell and that the homes are fantastic deals when compared to other markets. Further, Florida is a beautiful state, mix in the rock bottom prices for a new home and you have a cocktail for increased sales.
The moral of this story is that data can be read and analyzed in a number of ways. You should never rely solely on these types of reports for your information but you should certainly consider them if you're contemplating a move to the Sunshine State. If you need assistance with your relocation or help with any aspect of your DIY move give us a call at (888) 354-8303. Our professional moving help and moving planners can help you save a bunch on your relocation expenses.
|Rank||Location||Median List Price Appreciation||Median Age of Inventory||Search Listing/Rank|
|4||Fort Myers-Cape Coral, FL||31.27%||-17.60%||26|
|8||Fort Lauderdale, FL||7.84%||-35.71%||8|
|10||Punta Gorda, FL||17.79%||-16.18%||60|