Things are getting Better for Florida!

By
Real Estate Agent with Equity Realty- TVG

This is new you can count on! our market is turning around, we are seeing multiple offers, we are seeing bidding wars! and most of all our inventories are getting lower and lower



Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in July, according to the latest housing data released by Florida Realtors®.

Since May 2011, pending sales have increased every month for both existing single-family homes and for townhome-condo properties. In July, pending sales were up more than 42 percent for existing single-family homes and 26 percent for townhouse-condo units, compared to a year ago. Home prices are on the rise in many markets, while the inventory of homes for sale is down. Florida’s housing market is growing stronger and stronger


Statewide closed sales of existing single-family homes totaled 17,420 in July, up 9.8 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The statewide median sales price for single-family existing homes last month was $148,000, up 7.8 percent from July 2011.


According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in June 2012 was $190,100, up 8 percent from the previous year. In California, the statewide median sales price for single-family existing homes in June was $320,540; in Massachusetts, it was $325,000; in Maryland, it was $268,910; and in New York, it was $220,000.

The Recovery is well underway! 

Posted by

                       

                                                           

Jesse Vasquez

Team Vasquez Realty Group LLC

Graduate of Realtors Institute

801-440-3100 Cell

888-418-8889- Toll Free

407-706-5233  Efax

jesse@teamvasquez.net

www.mynewtampahomes.com

www.jessevasquez.net

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Comments (4)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jesse, this good news is coming from many areas - so finally....we are getting there and hope....don't get THERE once again!

Aug 22, 2012 11:21 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Umm we have not seen that here in Pensacola but have seen inventory dropping. I need to check this out

Aug 22, 2012 11:43 AM
Mike Warren
Real Estate - Colorado Springs, CO

Jesse, it is good to hear the Florida market is doing well. Good luck!

Aug 22, 2012 12:36 PM
Jesse Vasquez
Equity Realty- TVG - Smithfield, UT
"APPROVED”

Hi Praful, yes it is good news, things are looking up and hope we have no repeat.. 

Charles curious to know how Pensacola is doing keep me posted, our inventory has dropped dramtically.

 

thanks Mike appreciate it

Aug 22, 2012 11:24 PM