Florida property sees precursor to stability

Posted on September 5, 2012 · Posted in Uncategorized

 

Market conditions which can often be precursors to stability have emerged in Florida according to Property Abroad. 

2nd Citizens Choice 22

Image by Anonymous9000 via Flickr

The latest data from Florida Realtors shows the number of pending and closed sales have continued to rise alongside median prices, while inventory levels for both houses and condos have dropped.

This has led them to say that the recovery in the property market is now on solid footing as pending sales have increased every month since May last year for both town home-condo properties and existing single-family homes.

Pending sales for July were up by 26% for condos, and by 42% for existing single-family homes compared to a year earlier. Throughout the state, sales of existing family homes reached 17,420 in July, an increase of 9.8% compared to a year earlier, and the statewide median sales price was up by 7.8% to $148,000. The number of condos sold in July reached 7,779, an increase of 2.8% compared to July last year. The median price was $102,000, an increase of 10.9% compared to a year earlier….More at Property Market in Florida Continues to Recover

More Reading

Florida property
property for sale in Florida

For details on our vetted Florida investment properties or to browse our other range of international property investments >>click here<<.