Google+
  • Ocwen23.53+0.10 +0.43%
  • Zillow115.02-1.34 -1.15%
  • Trulia49.24-0.72 -1.44%
  • NationStar29.90+0.52 +1.77%
  • CoreLogic33.26+0.59 +1.81%
  • RE/MAX32.31+0.88 +2.80%
  • Fannie Mae2.49+0.03 +1.22%
  • Freddie Mac2.41+0.01 +0.42%
  • Wells Fargo53.81+0.33 +0.62%
  • CitiMortgage53.66+0.14 +0.26%
  • Bank of America17.12+0.12 +0.71%
  • Fidelity National Financial30.36-0.41 -1.33%
  • First American31.55+0.11 +0.35%
  • AUDUSD=X0.867N/A N/A
  • USDJPY=X117.78N/A N/A
  • WP Stock Ticker
Home | Daily Dose | New Housing Data Reveals Positive 2013 for Florida
Print This Post Print This Post

New Housing Data Reveals Positive 2013 for Florida

New housing data released by Florida Realtors shows a positive 2013 for closed and pending sales. The closed sales for existing single-family homes totaled 227,411, up 11.8 percent from 2012.

Pending sales figures were also positive, up 17.6 percent compared to 2012.

Data was compiled from the Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards and associations.

"Throughout 2013, the state's housing market has demonstrated it's in a solid recovery and gaining strength,"said Florida Realtors President, Sherri Meadows. "The positive fundamentals of Florida's housing sector continue into 2014. However, factors remain that could slow an even stronger economic recovery, such as limited inventories of for-sale homes in many areas, overly restrictive mortgage credit, rising interest rates, and concerns about the cost and availability of property and flood insurance."

The median sales price rose to $168,000, up 15.9 percent from the previous year.

Quarterly results were equally optimistic, with closed sales reflecting a 4.7 percent gain from the fourth quarter of 2012.

"We have seen all these numbers before in the monthly releases, but looking at them on a quarterly and annual basis allows for a better evaluation of the real estate market. The trends we have seen develop over the year—rising sales and prices, declining percentage of cash sales and stabilizing inventory—are confirmed in these statistics," said Dr. John Tuccillo, Florida Realtors Chief Economist.

The statewide single-family existing-home median price in the Q4 of 2013 was $170,000, up 13.3 percent from Q4 2012.

Bookmark and Share

About Author: Colin Robins

Colin Robins
Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Leave a Reply

Scroll To Top