ORLANDO, Fla. – Aug. 12, 2014 – Florida’s housing market reported higher median prices, more new listings and gains in inventory during the second quarter of 2014, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 67,579 in 2Q 2014, up 7.3 percent over the 2Q 2013 figure.
“Florida’s housing market continued its steady course during the second quarter of 2014,” say 2014 Florida Realtors President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. “As of June, the state’s unemployment rate is 6.2 percent. More jobs are being created, which is good news for Florida’s economy and a strong housing market.
“And in another positive trend, median prices continue to rise, though the pace has slowed somewhat over the past several months. The statewide median price for single-family homes for 2Q 2014 was $180,000, up 22 percent over two years (compared to the 2Q 2012 median price of $147,450); and the statewide townhome-condo median price of $142,000 rose 29 percent looking at the same period ($110,000 in 2Q 2012).”
The 2Q 2014 statewide median sales price for single-family existing homes rose 5.3 percent from the same time a year ago, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties during the second quarter was up 10.1 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
Statewide, new listings for single-family homes over the three-month-period rose 11.5 percent year-over-year, while new townhouse-condo listings rose 2.8 percent.
Looking at Florida’s townhouse-condo market, statewide closed sales totaled 30,918 during 2Q 2014, down 3.4 percent compared to 2Q 2013. Read More – Florida Realtors
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