· After a strong first quarter, Miami Beach sales hit a snag in Q2 2019. In almost all property categories, median sales prices fell compared to the previous year. Price cuts were particularly severe in Miami Beach’s luxury market, with high-end condo prices down 24.3 percent to a median of $2.55 million.
ORLANDO, Fla., July 24, 2017 – Florida’s housing market had more closed sales, higher median prices and more new listings in June, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 28,205 last month, up 4.3 percent compared to June 2016.
Florida’s Housing Market: Sales, Median Prices Up in May 2017. The statewide median sales price for single-family existing homes last month was $239,000, up 7.7 percent from the previous year, according to data from florida realtors research department in partnership with local Realtor boards/associations.
More Sales, Higher Prices in Florida Housing Market. Last month saw 28,071 single-family home sales, up 0.8 percent from one year earlier. Statewide closed sales for the townhouse-condo market totaled 12,012 last month, up 4.1 percent compared to a year ago. The statewide median sales price for single-family existing homes was $255,000,
ORLANDO, Fla., June 20, 2018 /PRNewswire/ — In May, Florida’s housing market reported more sales, higher median prices and more new listings from owners ready to sell, according to the latest.
Home inventory levels will rise, but the majority of the market will remain in a sellers’ market and will see higher than normal (above 3.5%) appreciation rates. homes above $600K will continue to trade in a buyer’s market and will not appreciate and only motivated sellers will move.
How much longer does southern Florida have until real-estate values in the region collapse on the back of flagging demand? At some point the reality that the region is not long for this world will.
hit. Though part of the current shift in the market may be attributed to higher mortgage rates and the dramatic rise in Florida home prices of the past five years, the current sales in Florida appear far lower than can be justified purely by these economic factors. Slowing housing activity often presages an economic slowdown. With Florida as
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