Florida Single-Family Home Sales Up 5.3 Percent In June

Posted by Orb Staff on July 20, 2012 No Comments
Categories : Residential Mortgage

Closed sales of existing single-family homes in Florida totaled 18,800 in June, up 5.3% compared to the year-ago figure, according to data from the industry data and analysis department of trade group Florida Realtors.

The Florida statewide median sales price for single-family existing homes last month was $151,000, up 8.2% from June 2011. In comparison, the National Association of Realtors identifies the national median sales price for existing single-family homes as $182,900 in May, up 7.7% from the previous year.

A total of 9,202 townhome/condo units sold statewide last month, up 1.5% from the number sold in June 2011. The statewide median for townhome-condo properties was $110,000, up 15.8% over the previous year.

Last month's inventory for single-family homes in Florida stood at a six-months' supply, while inventory for townhome/condo properties was at a 5.9-months' supply, according to Florida Realtors.

‘The trend we've seen established over the past year is continuing,’ says Florida Realtors chief economist John Tuccillo. ‘In June, every housing market indicator moved in the right direction. Closed sales are up, but so are pending sales, median prices, average prices and the ratio of sales price to list price. Conversely, listings are down, days on market are down and – most important – inventories are down.’

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