Florida Home Prices Looking Up

The Florida Realtors’ latest data indicate that pending sales and median prices rose in February 2012. The statewide median sales price for single-family existing homes in February was $134,000, up 7.2 percent from the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department. The statewide median for townhome-condo properties was $95,000, up 15.9 percent over Feb. 2011.

“The overall picture that these statistics show is of a stabilizing housing market,” said Florida Realtors Chief Economist Dr. John Tuccillo. “While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market… For the past year, median sales prices have been slowly rising; and over a longer period of time, prices have really flattened out – again, signs of an improving housing market.”

The full statewide housing activity report is available here

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