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Housing Scorecard: Inventory Jumps as Sales Slide

Housing Scorecard: Inventory Jumps as Sales Slide

Nationally, interest rates decreased from 7.31% to 6.08%, while pending home sales fell from 72.8 to 70.6. Builder confidence dropped from 45 to 41, and unemployment rose from 3.8% to 4.2%. Locally, unemployment rates varied, with Miami, Fort Lauderdale, and West Palm Beach at 3.4%, and Naples at 3.7%. Housing starts increased in Miami, while existing-home sales declined in several areas. Housing inventory rose significantly across all regions, and days on market increased for most locations.

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A Bespoke Real Estate Experience

From private listings to strategic negotiations, Kelby Contreras offers an elevated, client-focused approach to luxury real estate in Miami. With a keen eye for detail and a passion for excellence, he ensures that every property search, sale, or investment is handled with precision, discretion, and sophistication.

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