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【World Property Journal】Pandemic Spikes U.S. Vacation Home Sales in 2020, Florida Top Destination

【World Property Journal】Pandemic Spikes U.S. Vacation Home Sales in 2020, Florida Top Destination

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According to new research from the National Association of Realtors -- the sale of and demand for - U.S. vacation homes soared during the COVID-19 pandemic.

NAR's new 2021 Vacation Home Counties Report finds that buyers flooded the real estate market in the second half of 2020 and through April 2021, causing vacation home purchases to rise expeditiously.

In 2020, the share of vacation home sales to total existing-home sales increased to 5.5% (5% in 2019). Vacation home sales rose by 16.4%, outpacing the overall growth in existing-home sales of 5.6%. From January to April 2021, the share of vacation home sales to total existing-home sales rose to 6.7%. Vacation home sales jumped 57.2% year-over-year compared to the 20% year-over-year growth in total existing-home sales.

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