According to the Florida Realtors, Florida’s housing market reported higher median prices and increased inventory (active listings) in February 2019 compared to a year ago. Sales of single-family homes statewide totaled 18,966 last month, up 1.9 percent compared to February 2018.
“Home buyers in Florida have grown accustomed to dealing with a shortage of for-sale inventory, especially when it comes to first-time buyers trying to enter the market,” said 2019 Florida Realtors President Eric Sain. “A slower pace of sales and increased inventory will enable potential buyers to find more housing opportunities and could help ease affordability constraints in some areas.
“Statewide, inventory or active listings in February for existing single-family homes increased 11.8 percent year-over-year, while inventory for condo-townhouse properties rose 8.5 percent.”
In February, statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year for the 86th consecutive month. The statewide median sales price for single-family existing homes was $250,000, up 1.3 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $187,500, up 4.7 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
read more at: worldpropertyjournal.com