Sales and Prices Up in Florida’s Housing Market

Sales and Prices Up in Florida’s Housing Market

Aug. 22, 2018 /PRNewswire/ — Florida’s housing market reported more sales. The statewide median sales price for single-family existing homes was $255,000, up 6.3 percent from the previous year,

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ORLANDO, Fla., April 22, 2019 /PRNewswire/ — Florida’s housing market reported more pending sales, higher median prices and increased inventory (active listings) in March compared to a year ago.

 · The statewide median price for condo-townhouse properties during the quarter was $189,900, up 8.5 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less. Looking at Florida’s condo-townhouse market, statewide closed sales totaled 34,376 during 2Q 2018, up 4.7 percent compared to 2Q 2017.

 · A 6% surge in single-family sales pushed the market into positive growth territory for the first time this year. Meanwhile, prices are 2.6% up year-over-year, and inventory is slowly starting to.

 · pending sales, higher median prices and a reduced inventory of homes for sale, according to the latest housing data released by Florida Realtors® “Florida’s housing market continues to demonstrate its recovery – March marks the 15th consecutive month that the statewide median sales prices for both

ORLANDO, Fla., May 21, 2019 /PRNewswire/ — Florida's housing market reported more sales, higher median prices and increased inventory.

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ORLANDO, Fla., June 20, 2018 /PRNewswire/ — In May, Florida’s housing market reported more sales, higher median prices and more new listings from owners ready to sell, according to the latest.

 · "South Florida is the mecca for cash sales." Fort Myers, Sarasota, Tampa-St. Petersburg and Melbourne ranked right behind South Florida in percentage of cash sales among metro areas nationwide. Florida led all states at 53.5 percent. With loans harder to come by after the housing bust, cash purchases have propped up the region’s housing market.

 · Sales of single-family homes in Florida during July totaled 25,488, up 3.8 percent compared to July 2017, according to new data from Florida Realtors. Also on the rise was the statewide median sales price for single-family existing homes: $255,000, up 6.3 percent from the previous year.

The latest news from Florida Realtors shows that Florida’s real estate market is entering 2012 on an upward trend.This recent data comes from three leading U.S. economists. According to Chief Economist Dr. John Tuccillo, "[In Florida] Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in.

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