STATISTICS:
Pending sales and median prices rose, while the inventory of homes for sale dropped in Florida’s housing market in February, Increased statewide pending sales for both single family existing homes, up 36.1 percent, and for townhouse-condo properties, up 19.8 percent. The statewide median sales price for single-family existing homes in February was $134,000, up 7.2 percent from the year-ago figure. In February, the month’s supply of inventory stood at 6.2 for single-family homes.
CONSENSUS:
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. Back in 2001 when I entered the Real Estate Industry here in Central Florida it was not the best of times. Even back then you could count on single family home appreciation of 6% per year in our area. I am again confident that Real Estate is indeed a good investment and it is time to dig in and invest in the future.
ADVANTAGE REALTY FLORIDA Serving a 20 County area in Central Florida from Coast to Coast
