Tag Archives: Real estate economics

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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Filed under Florida Real estate