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Local, Statewide Housing Markets Experience Upswing
June 21, 2013
Florida’s housing market continued its upswing in May, as did the local housing market in Escambia and Santa Rosa counties.
Single family home sales were up nearly 25 percent in Escambia and Santa Rosa counties, while the median sales price increased 5.4 percent to $154,000. Townhouse an condo sales in the two county area were up 3.6 percent, with the average price down 12 percent to $280,000.
Statewide closed sales of existing single-family homes totaled 22,375 in May, up 18.7 percent compared to the year-ago figure, according to data from Florida Realtors. The statewide median sales price for single-family existing homes last month was $171,000, up 15.9 percent from the previous year.
Townhouse and condo sales were up 11.5 percent statewide, with an average media price at $128,000, up 13 percent over the previous year.
“Home sales continue to increase, it’s taking less time for sales to close, and median sales prices are on the rise,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “This is the 17th month in a row that we’ve seen the statewide median sales prices increase year-over-year for both single-family homes and for townhome-condo properties.”
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2 Responses to “Local, Statewide Housing Markets Experience Upswing”
REGARDING:
“of note: just heard this morning that the stock market took a drastic plunge yesterday, because of ben vernanky (sp?) raising the mortgage interest rate-”
Ben Shalom Bernanke, chairman of the Federal Reserve, an instrument of Congress. (peace is his middle name)
and then up 21.08 yesterday, a rise of 0.28% to 14,799.40 after dropping a whopping TWO PERCENT the day before. The sky’s falling!
As I understand it, what he actually said was that “the Fed may begin to end it’s stimulative bond-purchase program by the end of this year and ease up its low interest rates sooner than previously thought.”
Not quite the same thing as saying he was going to raise interest rates, just saying someday soon he might consider doing it.
David for calm people
bravely facing a two percent change
from day to day
of note: just heard this morning that the stock market took a drastic plunge yesterday, because of ben vernanky (sp?) raising the mortgage interest rate- the experts said, “hurry and lock in at a low interest rate ASAP”, as the rate is going up – that is a definate…would be nice to do a follow-up on this story in about a year….