Florida’s Housing Market

Written By: Miller and Associates Realty On: 5th August 2015 Under: Uncategorized

In data recently released by Florida Realtors®, closed sales of existing single-family homes for June 2015 was up 19.6% over June 2014.  As well, Florida Realtors® reported higher median prices, less time on the market and a reduction in inventory.  According to Florida Realtors Industry Data and Analysis, the median selling price was up 10% from June 2014. With decreased inventory, the median price is expected to continue to rise.

With a steadily improving job market, abundant sunshine and breath-taking beaches, Florida is seeing an influx of people relocating to the Sunshine State.  Estimated at 1,000 new arrivals per day*, they share one thing: they all need housing. High need and low inventory will drive prices higher and create a scarcity of available homes.

If you are considering selling or buying a home this year, call Miller & Associates Realty for a free comparative market analysis of local home values: 850-249-6655

* courtesy of www.stateofflorida.com/facts.aspx