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