The Truth Spoken….
Fla.’s housing market continues positive signs in April 2012
ORLANDO, Fla. – May 22, 2012 – Florida’s housing market had increased pending sales and higher median prices in April, along with a greatly reduced inventory of homes and condos for sale, according to Florida Realtors® latest housing data.
“Here in Florida, we’re seeing some strong numbers that show positive momentum for the state’s housing recovery and our economy,” said 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “Home prices continue to rise in many markets. Inventory is down to extremely low levels while pending sales are on the rise – almost 38 percent for single-family homes and 25 percent for townhomes and condos. It is not unusual to see multiple offers.
This is certainly true in the Port St Lucie FL Market and all of the Treasure Coast.
Inventory is down, multiple offers in sales prices much higher than listing prices.
Just this week a house listed at 122,500 must have sold for more than 156,100 cash –
(if it didn’t that would mean my offer was not submitted and I don’t want to think that is the case anyway)
Buyer’s jump on the bandwagon now, prices are still low but as inventory decreases, prices rise and the new foreclosures yet to come out will be at the revised higher market value.
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