Posted on Jul 25, 2019

Elliott Realty Services Inc

Fla.’s Housing Market: Median Prices, Inventory Up in June
Florida Realtors Pres. Sain: Fla.’s home sales cooled slightly in June though median prices rose. Year-over-year, single-family median prices up 3.8% to $270,000, sales were down 1.9%. Condo median prices up 2.6% to $194,900, sales were down 9.4%.
ORLANDO, Fla. – In June, Florida’s housing market reported rising median prices and increased inventory, including pending inventory and active listings inventory compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 27,283 last month, down 1.9% from June 2018.

“Sales cooled slightly in June, following what was a record-breaking month for home sales in Florida in May,”says 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach.“However, inventory levels continued to improve in June, which helps ease the pressure of rising home prices and offers more options for potential homebuyers who may have been waiting to enter the market. Florida’s single-family inventory (active listings) last month rose 2% over June 2018, while condo-townhouse inventory increased 4.6%. Meanwhile, pending inventory for existing single-family homes was up 4.9% year-over-year, while pending inventory for existing condo-townhouse properties was up 2.5%.

“It may be difficult for a buyer or seller to stay on top of changing conditions in local housing mar
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