Florida records strong May home sales

Florida records strong May home sales

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New-home sales increased 4.9% in Feb. (3/29/2019) falling mortgage rates eased affordability, and builders may be constructing smaller homes. The median sales price of a new home in Feb. fell 3.6% to $315,300. Pending home sales dip 1% in Feb. after Jan.’s 5% surge (3/28/2019)

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Florida’s housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to a year ago, according to the latest housing data released by Florida Realtors ®. Sales of single-family homes statewide totaled 30,742 last month, up 9.6% over May.

New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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