Skip to main content

Florida Median Sales Prices Up for 86th Straight Month

Phil Hall
Mar 25, 2019
Florida’s median sales price for both single-family homes and condo-townhouse units increased for the 86th consecutive month in February, according to new data from Florida Realtors

Florida’s median sales price for both single-family homes and condo-townhouse units increased for the 86th consecutive month in February, according to new data from Florida Realtors.
 
The statewide median sales price for single-family existing homes in February was $250,000, up 1.3 percent from the previous year, while last month's statewide median price for condo-townhouse units was $187,500, up 4.7 percent over the year-ago figure. Sales of single-family homes statewide totaled 18,966 last month, up 1.9 percent from one year earlier, while statewide closed sales on condo-townhouse units totaled 7,981, down 5.7 percent compared to a year ago.
 
"Half of the single-family homes selling in February were on the market for at least 54 days before going under contract–this compared to a median of 48 days last year," said Florida Realtors Chief Economist Brad O'Connor. "In the condo and townhouse category, there's a similar trend: The median time to contract was 58 days, up from 51 days last year. At a more local level, this median varies widely from market to market, but the upward trend is prevalent throughout the state. Competition between buyers is clearly not as fierce as it was even a year ago. However, that doesn't mean we're quite in buyer's market territory yet. Home sale activity in January and February is usually lighter than other months and not always representative of what's to come."

 
Published
Mar 25, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021