More New Listings in Q1 Florida Housing Market

Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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More New Listings in Q1 Florida Housing Market. During the first quarter, the statewide median sales price for single-family existing homes was $248,000, up 9.7 percent year-over-year, while the statewide median price for condo-townhouse properties during was $180,000, up 7.8 percent from one year earlier.

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Prices have been steadily increasing for the past few years in Fort Lauderdale, however Median Prices for Q1 2019 (dark blue bar) decreased ever so slightly from last spring in the total market. The price drop was felt exclusively in the condo market (-8.5%) with prices for Single Family Homes remaining steady.

More Than 70 Percent of Bay Area Homes Sold for Premiums in March. In San Francisco, new listings are down across all price ranges. Newly constructed condominium inventory in San Francisco is at half the level from a year ago, with about 600 units on the market.

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Florida Housing Finance Corporation (Florida Housing) was created by the state Legislature 35 years ago to assist in providing a range of affordable housing opportunities for residents that help make Florida communities great places in which to live, work and do business. Our vision is to be recognized as an outstanding provider of innovative, measurable, data-driven and fiscally sustainable.

Florida Realtors offers the most comprehensive statistics available on the Florida housing market. You’ll find current and historical reports featuring monthly, quarterly and annual data for single family, condo/townhome and manufactured home sales. View these reports either in summary or detailed formats.