Sales and Prices Up in Florida’s Housing Market

 · Florida housing market suffers from high prices and low inventory. by Claire Brennan April 24, 2018. Low inventory and rising home prices continue to plague the Florida housing market, according to the newest data from Florida Realtors. In March, the median sales price for a single-family home in the state was $250,800 – an increase of 8.2 percent from last year.

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Housing Sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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 · October proved a good month for the Florida housing market as closed sales of single-family homes gained 8.5% year-over-year to 22,272. Meanwhile in the condo-townhouse sector, statewide closed.

News Florida’s Housing Market Sees Pending Sales, Median Price and Inventory Rise in March Realtors pointed to a 9.6% increase in active single-family home listings (97,195) as a positive sign.

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ORLANDO, Fla., June 21, 2019 /PRNewswire/ — Florida’s housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to a year ago, according to the latest housing data released by Florida Realtors .Sales of single-family homes statewide totaled 30,742 last month, up 9.6% over May 2018.

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.

Fla.’s housing market: More sales, median prices up in Oct. ORLANDO, Fla. – Nov. 21, 2018 – Florida’s housing market reported more closed sales, rising median prices and more new listings in October compared to a year ago, according to the latest housing data released by Florida Realtors®

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Florida home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Florida is $167. The median price of homes currently listed in Florida is $299,000 while the median price of homes that sold is $228,300.