Sales Up in the Florida Housing Market

ORLANDO, Fla., Feb. 12, 2019 /PRNewswire/ — Florida’s housing market wrapped up 2018 with more sales, higher median sale prices and more new listings compared to the year before, according to the.

ORLANDO, Fla – Florida’s housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to a year ago, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 30,742 last month, up 9.6% over May 2018.

Things are looking up in the housing market. Foreclosures and short-sales are dwindling and the banks and mortgage companies are loosening up on the reins.

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Real estate data by Redfin.com shows that the Orlando housing market is very competitive. Homes in orlando receive 1 offers on average and sell in around 35 days. The average sale price of a home in Orlando was $230K last month, up 8.5% since last year.

Florida home values have gone up 4.3% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Florida is $167. The median price of homes currently listed in Florida is $299,000 while the median price of homes that sold is $228,200.

Feb. 21, 2019 – Florida’s housing market reported more new listings. The statewide median sales price for single-family existing homes was $249,900, up 4.1 percent from the previous year, according.

These three ingredients made up for an upward trending arrow for the Florida real estate market in 2017 and 2018, and they will undoubtedly do the same for 2019. Let’s take a look at each of these factors to better understand how they are driving the Florida real estate market for the better. Florida’s Population

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