Florida Realtors Reports Increased Closed Sales, Median Prices and Pending Sales in December 2019
The Florida housing market reported more closed sales, higher median prices and increased pending sales—plus more pending inventory—in December 2019 compared to 2018, according to new housing data released by Florida Realtors. Sales of single-family homes statewide totaled 25,557 in December 2019, up 23.8 percent from December 2018. Statewide median sales prices for both single-family homes and condo-townhouse properties also rose year-over-year, continuing a 96-month trend. The statewide median sales price for single-family existing homes was $270,000, up 5.9 percent from the previous year, and last month’s statewide median price for condo-townhouse units was $200,000, up 8.1 percent over the previous year. Additionally, according to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.72 percent in December 2019, down from the 4.6 percent averaged during December 2018. For more information, click here.