Hous­ing Mar­ket: Sales, Me­dian Prices Rise in 2Q 2017

The Palm Beach Post - Residences - - Front Page -

Florida’s hous­ing mar­ket con­tin­ued its pos­i­tive mo­men­tum in the se­cond quar­ter of 2017 with more closed sales, higher me­dian prices and more pend­ing sales, ac­cord­ing to the lat­est hous­ing data re­leased by Florida Real­tors®. Closed sales of sin­gle-fam­ily homes statewide to­taled 79,888 in 2Q 2017, up 3.7 per­cent.

“Florida’s econ­omy and jobs out­look con­tin­ued to grow in the se­cond quar­ter of this year,” said 2017 Florida Real­tors® Pres­i­dent Maria Wells, bro­ker-owner with Life­style Re­alty Group in Stu­art. “State of­fi­cials just re­ported that among all states, Florida had the third-fastest an­nual pri­vate­sec­tor job growth rate in the na­tion.

In Martin County, the me­dian sale price for sin­gle fam­ily ex­ist­ing homes in 2Q 2017 was $350,000 which is a 6.1 per­cent in­crease over the same pe­riod last year, ac­cord­ing to data from Florida Real­tors® Re­search depart­ment in part­ner­ship with lo­cal Re­al­tor® boards/ as­so­ci­a­tions.

The statewide me­dian sales price for sin­gle­fam­ily ex­ist­ing homes in 2Q 2017 was $240,000, up 9.1 per­cent from the same time a year ago. The statewide me­dian price for con­do­town­house prop­er­ties dur­ing the quar­ter was $175,000, up 7.4 per­cent over the year-ago fig­ure. The me­dian is the mid­point; half the homes sold for more, half for less.

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