The sun kept shining on the Sunshine State’s housing market in March, according to new data from Florida Realtors.
Last month, Florida recorded 25,013 single-family home sales, about the same level as March 2018, while the statewide median sales price was $256,000, up two percent from the previous year. Florida's condo-townhouse saw 10,340 in March, down 6.1 percent compared to a year ago, but the statewide median sales price for this housing sector was $189,500, up 3.6 percent from one year earlier. Statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for the 87th month-in-a-row.
"On a statewide basis, more homes typically go under contract in March than in any other month of the year," said Florida Realtors Chief Economist Brad O'Connor. "And compared to March of last year, new pending sales of single-family homes this March were up by 2.6 percent to a total of 31,383. In fact, this is the highest number of new pending sales we've seen in any month across the previous 11 years in which Florida Realtors has tracked this statistic."