Median sales prices for single-family homes went up approximately 10.2 percent from last year’s prices. Condos and townhouses saw an even greater rise from the previous year of 16.1 percent. House inventory saw a shift downward, with estimates of a 5.8-month supply of single-family homes and a 5.7-month supply of condos/townhouses.
“Here in Florida, we’re seeing some strong numbers that show positive momentum for the state’s housing recovery and our economy,” said Summer Greene, president of Florida Realtors, in an interview with World Property Channel. “Inventory is down to extremely low levels while pending sales are on the rise.”
Unsurprisingly, the recent improvements in the Florida real estate market come hand-in-hand with generally favorable reports of the Florida economy in general.