Hurricane Ian exacerbates housing market slowdown in Southwest Florida

FrankRamspott/E+ via Getty Images Hurricane Ian exacerbated a housing market slowdown in Southwest Florida, according to a report by Redfin (NASDAQ...

October 22, 2022
5:00 PM

FrankRamspott/E+ via Getty Images Hurricane Ian exacerbated a housing market slowdown in Southwest Florida, according to a report by Redfin (NASDAQ:RDFN). The catastrophe led to the pending home sales decrease 58% Y/Y in the Cape Coral, FL, metro area during the four weeks ending Oct. 16. The pending sales also plunged in the areas of Naples (-52%) and North Port (-51%) metro. Meanwhile, pending sales fell 47% in Miami, 46% in Jacksonville, 43% in West Palm Beach and more than 40% in Deltona, Tampa and Orlando.

Mary Christine Joy