Ft Lauderdale Real Estate News 3/23/17
Single Family Homes in Florida Appreciate 12.5% Annually
Florida's housing market continued to report a tight supply of homes for sale and rising median prices in February, according to the latest housing data released by Florida Realtors.
Sales of single-family homes statewide remained relatively flat last month, totaling 18,033, down 0.5% compared to February 2016.
"Florida's economy is growing, with more jobs being created," said 2017 Florida Realtors President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. "And a growing economy boosts the state's housing sector as well. However, many local markets are reporting low inventory of for-sale homes at a time of increasing buyer demand."
The statewide median sales price for single-family existing homes last month was $225,000, up...