According to the latest data from Florida Realtors©, Florida’s housing market remained on a positive course with median homes prices, pending sales and new listings all increasing, making March the 40th consecutive month that median sale prices rose year over year.
Statewide 24,811 homes closed in March, which is a 24.6% increase year to year. Existing homes now under contract rose 12.9% year to year.
With median prices rising 9.2% since last year, homeowners are able to rebuild equity. While this is great news for homeowners, it presents a challenge for first time homebuyers who are trying to purchase a home before interest rates go up.
If you are in the market to sell or buy and would like some free advice or a market analysis, please give me call.
Andrew Gifford, Lic. Real Estate Broker
Gifford Properties & Management, Inc.