Hurricane Irma Hits Florida Home Sales, Tallahassee Avoids Major Impact

The table below compares sales of single-family existing homes from January to September for 2016 and 2017 for each of Florida’s 22 Metropolitan Statistical Area’s (MSA’s). The information was compiled from data provided by the Florida Association of Realtors. The Tallahassee MSA includes Leon, Jefferson, Wakulla, and Gadsden counties.

The information shows that for the first nine months of 2017, existing home sales in the Tallahassee MSA is 2.0.% ahead of 2016 levels. This rate is ahead the state average of 0.9% and is ranked 12th when compared to the other 22 MSA’s. Last month the Tallahassee MSA ranked 16th.

The year-to-date sales of existing home across Florida fell dramatically due the impact of Hurricane Irma on September numbers. Sales of single-family homes statewide totaled 18,030 in September 2017, down 20.4 percent compared to September 2016.

“The impact from Hurricane Irma was wide-ranging across Florida, though the devastation and damage was certainly greater in some areas, such as the Keys and in Naples,” said 2017 Florida Realtors President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart.

The Panama City MSA led the state with a 12.3% increase over last years sales. Sebastian-Vero Beach reported an increase of 11.4% while the Fort Walton-Destin MSA experienced 8.8% growth during this period.

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