Florida Home Sales Up

Sales of single-family homes in Florida totaled 19,990 last month, up 1.3 percent from one year earlier, according to new data from Florida Realtors. The Sunshine State’s condo-townhouse market recorded 8,235 sales last month, up 5.8 percent compared to November 2016.

 

Also on the rise was the statewide median sales price for single-family existing homes: $240,000 in November, a 9.1 percent rise from the previous year. Also increasing was the statewide median price for condo-townhouse properties: $176,000, up 8.6 percent year-over year. November was the 71st consecutive month that statewide median prices for both housing sectors rose year-over-year.

 

“In November, Florida's housing market reflected the trends we've grown accustomed to seeing throughout this year,” said 2017 Florida Realtors President Maria Wells. “More owners decided to put their homes up for sale. New listings for single-family existing homes rose 1.8 percent year-over-year, while new listings for existing condo-townhouse properties rose 5.9 percent. However, even with the increase in new listings, inventory was still tight and buyer demand was great. Homes continued to sell quickly, resulting in increased pending sales—up 5.5 percent for single-family homes and up 9.3 percent for condo-townhouse units.”

---