ORLANDO, Fla., Sept. 22, 2014 – Florida’s housing market saw higher median prices and a rising inventory in August, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 21,594 last month, up 4.2 percent over the August 2013 figure.
“For several months now, stability and consistency are key trends we’re seeing in Florida’s housing market, as the state’s jobs outlook remains steady and the economy continues to grow,” says 2014 Florida Realtors President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. “The statewide inventory (active listings) for single-family homes last month rose 13 percent year-over-year, while the townhouse-condo inventory of active listings rose 8.9 percent.
“And once again, statewide median sales prices rose year-over-year for both single-family homes and townhouse-condo properties in August – a trend we’ve been seeing for 33 months in a row.”
The statewide median sales price for single-family existing homes last month was $180,000, up 2.9 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 August was $136,000, up 4.6 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), the national median sales price for existing single-family homes in July 2014 was $223,900, up 5.1 percent from the previous year; the national median existing condo price was $215,700. In California, the statewide median sales price for single-family existing homes in July was $464,750; in Massachusetts, it was $360,000; in Maryland, it was $278,626; and in New York, it was $239,000.
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