Florida home sales improve in April

A surprising stat in the Commerce department March report is that the median sales price of a new home in February fell 9.7% to $302,700. 16% of these homes sold at under $200,000. Buyers are fatigued with high prices and seem to be finding some affordable solutions.

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Florida home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Florida is $167. The median price of homes currently listed in Florida is $299,000 while the median price of homes that sold is $228,300.

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The months’ worth of supply went up to 4.3 from 4.2 in April. Year-on-year, existing home sales dropped 1.1 percent. Existing Home Sales in the United States averaged 3958.46 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.

The S&P CoreLogic Case-Shiller 20-city home price index rose 2.5% in April from a year earlier, down slightly from an annual gain of 2.6% in March. That’s the smallest increase in nearly seven years..

these sites would make a good contribution to sales once the homes were released for sale. In April, the company began an independent review to assess measures taken to improve its business. The.

South Florida home sales surge in April. For the entire state, sales grew even faster with a 4.1 percent increase in single-family home sales as the median sales price increased 8.1 percent to $253,895. As for other major Florida metros, single-family home sales grew in Jacksonville, but declined in both Tampa and Orlando. South Florida’s.

Florida Realtors closely monitors market trends, news and forecasts that impact the state’s real estate industry and Florida’s economy. Real property – building it, buying it, leasing it, selling it – generates revenue, creates jobs and contributes billions to the state’s economy.

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