Based upon the recent data collection of pricing, sales and inventory in Florida, the Housing Market is taking a turn for the better in 2012.
The Florida housing market, according to the latest housing data released by Florida Realtors®, has experienced more closed sales, pending sales, higher median prices, and a reduced inventory of homes for sale this past August.
With the Florida housing marketing maintaining force, it is the opportune time for sellers to put their homes on the market. According to data from Florida Realtors Industry Data and Analysis department, Statewide closed sales of existing single-family homes totaled 18,669 in August, up nearly 11 percent from the figures just one year prior. Regarding the Florida housing market statewide median sales worth for existing single-family homes in August, the value was at $147,000, up 5.8 percent from the previous year.
Florida Realtors Chief Economist Dr. John Tuccillo says the Florida housing market is “still reviving… After the six years of turmoil that we had, it’s good to see the trends strongly moving in the right direction.”