News & Information: Real Estate News

Florida pendings soar 32 percent

Wednesday, May 22, 2013  
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Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings, and a lower inventory of homes for sale in April, according to the latest housing data released by Florida REALTORS®.

"Buyer demand is rising, and the inventory of homes continues to be tight in many areas across Florida,” says 2013 Florida REALTORS® President Dean Asher, broker-owner of Don Asher & Associates, Inc. "That’s putting some upward pressure on prices. April is the 16th month in a row that we’ve seen the statewide median sales prices increase year-over-year for both single-family homes and for townhome-condo properties.

Statewide closed sales of existing single-family homes totaled 20,662 in April, up 17.4 percent compared to the year-ago figure. Meanwhile, pending sales for existing single-family homes last month rose 31.9 percent over the previous April. The statewide median sales price for single-family existing homes last month was $165,000, up 14.2 percent from the previous year.

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