Florida Mortgage Trends

Florida Home Sales up over 10% and sales are going gang busters!

March 26th, 2013 6:00 PM by Scott Bray

 

Home sales in Florida are up over 10% in February compared with the same month in 2012, Florida Realtors reported. Pending sales are up nearly 27% for the same periods.

“Properties are selling quickly statewide, especially at certain price points; the median days a home is on the market dropped about 15% for single family homes and 10% for townhouse-condominium units in February, said organization president Dean Asher, a broker-owner based in Orlando.

The median sales price was $150,000, up 13% from February 2012.

Tuccillo added “the lowest price tiers (for home listings) are just about wiped out and are moving in a direction counter to the state trend (of new listings coming on). The biggest movements in listings as well as in the other metrics are in the $300,000 to $500,000 price tier.”

Story by Brad Fikelstein on MAR 21, 2013

Posted in:General
Posted by Scott Bray on March 26th, 2013 6:00 PM

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