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Fla.’s housing market reflects changing conditions in Nov. 2013
Fla.’s housing market reflects changing conditions in Nov. 2013                    
ORLANDO, Fla. – Dec. 19, 2013 – Florida’s housing market reported higher median prices, more new listings and a stabilizing supply of homes for sale, according to the latest housing data released by Florida Realtors®.
“As Florida’s economy gains strength, it signals new trends for the housing market,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “In November, we marked 24 months – 2 years – of consecutive gains in statewide median sales prices, year-over-year, for both single-family homes and for townhouse-condo properties. With prices rising and many homeowners seeing renewed equity in their homes, we’re seeing less distressed sales.
“On average, home sellers received about 94 percent of their asking price in November. These favorable conditions are encouraging more traditional home sellers to list their properties, which in turn is boosting inventory levels slightly from the previous month.”
The statewide median sales price for single-family existing homes last month was $169,900, up 13.3 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in November was $131,299, ... more

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