Florida Housing Market Continues to Stabilize

Florida Real EstateFlorida’s housing market reported higher median prices, more new listings and the continued stabilization of inventory in January, according to the latest housing data released by Florida Realtors(R). Closed sales of single-family homes statewide totaled 16,087 last month, up 10 percent over January 2014.

“Home price gains in areas across Florida mean that home equity continues to improve and that, coupled with historically low interest rates, generates a great opportunity for sellers,” said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. “Many homeowners who have been on the sidelines are now ready to list their properties for sale: Statewide, new listings for single-family homes in January rose 7.9 percent year-over-year, while new townhouse-condo listings rose 1 percent.”

Barbar noted that January marked the 38th month in a row that statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year.

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