Florida Median Sales Prices Up for 86th Straight Month

Florida Median Sales Prices Up for 86th Straight Month

ORLANDO, Fla., June 20, 2018 /PRNewswire/ — In May, Florida’s housing market reported more sales, higher median prices and more new listings from owners ready to sell, according to the latest.

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The statewide median sales price for single-family existing homes in February was $250,000, up 1.3 percent from the previous year, while last month’s statewide median price for condo-townhouse units was $187,500, up 4.7 percent over the year-ago figure.

In February, statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year for the 86th consecutive month. The statewide median sales price for single-family existing homes was $250,000, up 1.3 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations.

The national median existing-home price for all housing types in August was $278,200, up 4.7% from August 2018 ($265,600). August’s price increase marks the 90th straight month of year-over-year gains. In August, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for 92 months in a row.

Florida Realtors offers the most comprehensive statistics available on the Florida housing market. You’ll find current and historical reports featuring monthly, quarterly and annual data for single family, condo/townhome and manufactured home sales. View these reports either in summary or detailed formats.

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mortgage For an interest-only mortgage, monthly payments will include only the interest that is due on the outstanding principal balance until the interest-only period ends. Mortgage Insurance (MI) If your home loan requires mortgage insurance, such as private mortgage insurance or PMI, your monthly payment will usually include a mortgage insurance premium.

Average prices are as much as 3.75% higher during these months.. First things first: The best time to buy a home is when housing prices are low.. One 2009 study found prices are between .86% and 3.75% higher on average during. Although you're the one who pays for PMI, you don't benefit directly.

The median price of a single-family home in Houston hit a record high in May as the housing market logged its fourth straight. monthly market report Wednesday. Sales volume fell for homes priced.

ORLANDO, Fla., July 24, 2017 – Florida’s housing market had more closed sales, higher median prices and more new listings in June, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 28,205 last month, up 4.3 percent compared to June 2016.

The third decline in U.S. home prices in three years is driving a pickup in sales as bargain hunters rush to buy before mortgage rates rise, even as values may slump further. Mounting foreclosures.

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