Article says the higher insurance premiums are to blame, but is the main driver actually the cost of living is skyrocketing?
“The number of “motivated sellers” in Florida has grown in the past two weeks, as more homeowners are trying to offload their properties quickly amidst a worsening of the state’s insurance crisis.
As of Wednesday morning, 204,833 properties, including single-family and multi-family homes, apartments, condos, townhomes, and lots, were listed for sale on Zillow. Of these, 5,244 were listed by self-described motivated sellers—homeowners and agents willing to accept a lower offer than the price listed on their ads.
When Newsweek reported on the issue on February 28, there were 4,928 listings in Florida of properties whose sellers described themselves as motivated sellers out of a total of 202,000.
The Sunshine State’s number of motivated sellers on Zillow remained much higher than in other states like California and Texas. As of Wednesday morning, California had 1,032 motivated sellers for a total of 74,792 properties listed, while Texas counted 1,829 out of a total of 1818,888.”
https://www.newsweek.com/florida-house-prices-fall-homeowners-try-sell-1879096