Industry News

More New Listings in Florida Housing

Phil Hall
Sep 21, 2018
For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors

For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors.
 
“New listings for existing single-family homes rose 6.6 percent compared to a year ago and new listings for condo-townhouse properties increased 4.1 percent from last August,” said 2018 Florida Realtors President Christine Hansen, Broker-Owner with Century 21 Hansen Realty in Fort Lauderdale. “At the same time, the median time for a sale to go to contract is getting shorter: For single-family homes, it was 36 days, down 2.7 percent; for condo-townhouse properties, it was 46 days, down 6.1 percent.”
 
Also increasing were property prices. The statewide median sales price for single-family existing homes was $254,290, up 6 percent from last year, while the median price for condo-townhouse units was $185,000, up 8.8 percent over the year-ago figure. August marked the 80th consecutive month of annualized increases in the statewide median sales prices for both single-family homes and condo-townhouse properties.
 
Sales of single-family homes statewide totaled 26,273 last month, up 4.2 percent compared to August 2017, while statewide closed sales of condo-townhouse unites totaled 10,365, up 6.6 percent compared to a year ago.
 
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Published
Sep 21, 2018
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