News & Information: Real Estate News

Florida pendings leap 31 percent in January

Thursday, February 21, 2013  
Share |

Sales of existing single-family homes were up 12 percent in January compared to last year, while the median price increased 12 percent and pending sales leapt 31 percent, reports Florida REALTORS®.

"This year started out strong for Florida’s housing market,” said 2013 Florida REALTORS® President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. "Homes sales continue to rise, mortgage rates remain near historic lows and the inventory of for-sale homes is lower than it’s been in years. Plus, the time it takes for a home to sell is dropping; the median days a home is on the market declined about 15 percent for both single-family homes and for townhome-condo properties. However, overly restrictive credit requirements remain an obstacle for many potential buyers, who find it difficult to access affordable financing options.”

Read more

ORRA Partners
ORRA would like to thank our Partners for their continuing support.
View the full list of ORRA Partners.