Florida's housing market reported more closed sales, more new listings and higher median prices in February even as for-sale inventory remained tight, according to the latest housing data released by Florida Realtors®.
"Florida's economy continues to grow, with more jobs being created – the state's unemployment rate was 3.9% in January," said 2018 Florida Realtors President Christine Hansen. "A strong economy is good for Florida's housing market. Statewide sales increased in both the existing single-family homes and the townhouse-condo sectors in February, yet many local markets are still facing a tight supply of available homes at a time when buyer demand is rising. Those factors are putting pressure on home prices and affordability.
According to the National Association of Realtors®(NAR), the national median sales price for existing single-family homes in January 2018 was $, up percent from the previous year; the national median existing condo price was $527,800; in Massachusetts, it was $369,000; in New York, it was in Maryland, it was $264,016.