Strong Demand, Low Inventory Continues to Bolster Florida’s Home Sales Market

Source: Florida Realtors

ORLANDO, FL—Despite higher interest rates, the Florida housing market posted strong numbers in May with higher sales, median prices and even new listings as compared to a year earlier.

The latest residential sales statistics released by trade group Florida Realtors on Wednesday indicated sales of single-family homes statewide totaled 28,071 in May, up 0.8% as compared to May 2017. The statewide median sales price for single-family existing homes was $255,000, an increase of 6.7% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in May was $188,688, 6% higher than 12 months earlier.