ORLANDO, Fla. – Sept. 21, 2015 – Florida’s housing market continued its positive track in August with more closed sales, higher median prices and a tightening inventory, according to the latest housing data released by Florida Realtors®.
Closed sales of existing single-family homes statewide totaled 23,605 last month, up 8.6 percent over August 2014.
“It’s been a summer of positive growth, showing strong gains in closed sales and median prices,” said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. “Statewide, median sales prices increased year-over-year for both single-family homes and townhouse-condo properties for the 45th month in a row in August. Closed sales rose for single-family homes and for townhouse-condo units, and it’s taking less time to complete or close those transactions: a median of 45 days for single-family homes and 54 days for townhouse-condos.
“We will continue to monitor what appears to be a tight supply of homes available for sale in many markets, and any rise in interest rates that could possibly slow buyer activity.”
The statewide median sales price for single-family existing homes last month was $199,900, up 11.1 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in August was $150,000, up 10.3 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
According to the National Association of Realtors®(NAR), the national median sales price for existing single-family homes in July 2015 was Click Here to Read More!
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