Sales Up in the Florida Housing Market

ORLANDO, Fla – 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.

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Annual trends continued in August for the Florida real estate market, with sales of single-family homes – and median sales prices – up year-over-year.

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Florida’s housing market is so strong largely because of a favorable unemployment rate in the state. The unemployment rate in Florida was at 3.9 percent in January, meaning that more people are employed in Florida than the average nationwide which is 4.2 percent.

Florida home values have gone up 4.6% over the past year and Zillow predicts they will rise 2.0% 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 $298,500 while the median price of homes that sold is $226,700.

Stelzer said he sees Waterford as a market hungry for more housing. “You look, really there’s not many condos that are for.

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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: 5,000, up 6.3 percent from the previous year.

The residential real estate market fluctuates based on the type, cost and. Home sales continued to perform in line with their potential in September and. Mortgage lenders looking to make up for lost volume in today's tight housing market.

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