ORLANDO, Fla. – Aug. 21, 2014 – Florida’s housing market reported rising median prices and increased inventory in July, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 22,099 last month, up 5 percent over the July 2013 figure.
“Florida’s housing market continued its steady pace in July,” said 2014 Florida Realtors®President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages.”Median sales prices rose year-over-year for both single-family homes and townhouse-condo properties in July – marking 32 months in row for higher median prices. Statewide, inventory (active listings) for single-family homes last month rose 17.5 percent year-over-year, while the townhouse-condo inventory of active listings rose 10.9 percent.”
The statewide median sales price for single-family existing homes last month was $185,000, up 3.6 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis (IDA) department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in July was $137,500, up 7.4 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), thenational median sales price for existing single-family homes in June 2014 was $224,300, up 4.5 percent from the previous yearthenational median existing condo price was $215,700.In California, the statewide median sales price for single-family existing homes in June was $457,160; in Massachusetts, it was $365,000; in Maryland, it was $284,553; and in New York, it was $229,000.
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