According to data from Florida Realtors, Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February.
"Each month brings more positive signs for the state's housing market," said 2013 Florida Realtors President Dean Asher. "For example, February is the 14th month in a row that statewide median sales prices for both single-family homes and for townhouse-condo units increased year-over-year, according to Florida Realtors' data."
Asher notes that properties are spending less time on the market throughout the state, especially at certain price points. The median days a home is on the market dropped nearly 15% for single-family homes and 10% for townhouse-condo units in February, data revealed.
"Plus, sellers are receiving more than 92% of their original listing price in both the single-family home and townhouse-condo markets," Asher added.
Closed sales of existing single-family homes totaled 15,666 in February, a 10.3% compared to the year-ago figure, according to Florida Realtors’ data.
Pending sales — contracts that are not completed or closed — jumped 26.7% over the previous February. The statewide median sales price for single-family existing homes last month reached $150,000, a 12.8% jump from the previous year.
According to data from the National Association of Realtors, the national median sales price for existing single-family homes in January was $174,000, a 12.6% increase from the previous year.