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Florida Sees Home Prices and Inventory Rise in First Quarter

The Florida Realtors trade group reports that sales of single-family homes in the first quarter fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017.

Florida Realtors chief economist Dr. Brad O’Connor Florida Realtors chief economist Dr. Brad O’Connor

ORLANDO, FL—The Florida housing market posted mixed results in the first quarter with sales of single-family homes flat, but prices up nearly 10%, due in large part to the continued low inventory levels, particularly in the affordable priced segment of the market.

The Florida Realtors trade group reports that sales of single-family homes in the first quarter of 2018 fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017, according to data from the Florida Realtors Research department in partnership with local Realtor boards/associations.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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