Florida Reports More Sales and Higher Prices in September

The reports for September from both the Association of Florida Realtors® and the National Association of Realtors® are out and the news is good. This means not only are housing statistics improving from a national perspective, but also for Florida. 

Florida Realtors® reports more closed sales, higher median prices, increased new listings and a rise in inventory in September. Check out these Florida Statistics for September 2014:

• Closed sales of single-family homes statewide totaled 20,792, up 13.5% over September 2013.
• Inventory was at a 5.4-months' supply for single-family homes and at a 5.8-months' supply for townhouse-condo properties.
• Statewide median sales prices in September rose year-over-year for both single-family homes and townhouse-condo properties.
• Florida's townhouse-condo market, statewide closed sales totaled 8,622 last month, up 2 percent compared to September 2013.
• Statewide median sales price for single-family existing homes rose to $180,000, a 5.9% increase year-over-year.
• The statewide median price for townhouse-condo properties was $142,700, up 9.8% over the year-ago figure.
• Short sales for condo-townhouse properties declined 57.9% while short sales for single-family homes dropped 48%.

The National Assocation of Realtors®  is reporting that Pending Homes Sales are steady for September 2014. Click here for a link to the full report.

To see the full Florida statewide housing activity reports, visit the research page of Florida Realtors website.