Home Sales In Florida Are Strong

Home Sales In Florida Are Strong

"Florida's housing market remains on a steady path," says 2016 Florida Realtors President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami. "While inventory levels are tight, the months' supply of homes for sale remains stable and distressed property sales continue to fall. The current market offers a great opportunity for sellers, who are getting nearly 94 percent (for existing single-family homes) of their asking price at the closing table; existing townhouse-condo sellers are getting more than 93 percent of their asking price. And while mortgage rates are inching higher, they remain historically low, which gives consumers more buying power."

The statewide median sales price for single-family existing homes last month was $199,000, up 13.7 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The state wide median price for townhouse-condo properties in January was $152,000, up 10.9 percent over the year-ago figure.

Tami Pocevic Headshot
Phone: 941-408-0600
Dated: February 24th 2016
Views: 235
About Tami: Tami has been a licensed real estate agent for over 12 years. She currently resides in Venice and e...

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