Florida Housing Market Sizzled in July

Florida's housing market in July mirrored its summertime weather: things were really hot, according to data from Florida Realtors.

 

Last month, Florida recorded 28,142 single-family home sales, up 10.4 percent from July 2018. The statewide median sales price for single-family existing homes was $268,000, up 5.1 percent from the previous year. For the condo-townhouse market, statewide closed sales totaled 10,470, up 4.3 percent from one year earlier, while the $188,000 median price for this housing sector was up 4.4 percent year-over-year. July marked the 91th consecutive month that statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year.
 over the year-ago figure

 

"Just like the weather, July was a hot month for Florida's housing market with sales and median prices showing gains in both the single-family and condo-townhouse sectors," said 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach. "In another positive sign, pending inventory for existing single-family homes was up 4.5 percent year-over-year, while pending inventory for existing condo-townhouse properties was up 1.2 percent."