November 23, 2015

Florida Housing Market - Rising Median Prices in October

Florida's housing market reported higher median prices, fewer days on market and a constrained inventory of homes for sale in October, according to the latest housing data released by Florida Realtors®. Statewide closed sales of existing single-family homes rose last month with a total of 22,147, an increase of 1.2 percent over October 2014.
"The state's housing market continues to benefit from more people moving to Florida, the increased job growth and stronger economy."
Inventory remains constrained, with a 4.4-months' supply in October for single-family homes and a 5.3-months' supply for townhouse-condo properties, according to Florida Realtors. 
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