Florida's housing market gained strength in the second quarter of 2013 with more closed sales, higher median prices, more pending sales and a shrinking supply of inventory according to a press release from Florida Realtors. "Data from the second quarter of 2013 shows that Florida's housing market is continuing to imporove and the growth is boosting the state's economic recovery," said Florida Realtors Pressident Dean Asher.
Statewide closed sales of existing single-family homes totaled 63,173 in 2Q 2013 up 14.7% compared to the year-ago figure. Pending sales for existing single family homes rose 28.5% for 2Q 2013. The state wide median sales price was up 14.1% from the same quarter a year ago.
In 2Q 2013 the median days on market was 51 days for single-family homes and 57 days for townhouse-condo properties.
The inventory for single-family homes stood at a 5-month's supply for the second quarter, inventory for townhouse-condos was at a 5.2 month supply for the same period.
This current release of economic data is no suprise for those following our local real estate market. the market continues its gradual improvement and stability.
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