Florida Housing Market Stabilizing As Prices Rise



Florida’s housing market had more closed sales, higher median prices, increased new listings and an increase in inventory in September. Closed sales of single-family homes statewide totaled 20,792 last month, up about 13.5 percent from last Septembers numbers. The statewide median sales price for single-family existing homes last month also rose to $180,000, a 5.9 percent increase.

The closed sales data shows less short sales last month compared to the previous year: Short sales for condo-townhouse properties decreased 57.9 percent while short sales for single-family homes dropped 48 percent. Closed sales usually happen 30 to 90 days after contracts are written.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.16 percent in September 2014, down from the 4.49 percent average recorded during the same month a year earlier.

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Levitan Realty

5628 Strand Blvd, Ste 2,
Naples, Florida 3411

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