Fla.’s Nov. Housing Market: Sales, Median Prices, New Listings Up

Florida Realtors’ data: Single-family home sales are up 22.9% year-over-year, median sales price up 14.1%; condo sales up 30.2%, median price up 16.9%. Chief Economist O’Connor: All 22 of Fla.’s metros saw gains in closed sales – but inventory remains far below normal levels.

ORLANDO, Fla. – In November, Florida’s housing market reported more closed sales, more new pending sales, higher median prices and more new listings compared to a year ago, despite the ongoing pandemic, according to Florida Realtors® latest housing data. Single-family existing home sales rose 22.9% compared to a year ago.

“Our homes are more important than ever, becoming the hub of our daily lives as we continue to take steps to safeguard our health, our families and our communities in the face of the ongoing pandemic,” says 2020 Florida Realtors President Barry Grooms, a Realtor and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “With high demand, Florida’s housing market continues to gain momentum and provide support for the state’s economy.”

Realtors are available in every community to help guide buyers and sellers through today’s challenging market conditions of high demand and sh (…)

Source: FloridaRealtors

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