ORLANDO, Fla., Feb. 23, 2015 – Florida’s housing market reported higher median prices, more new listings and the continued stabilization of inventory in January, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 16,087 last month, up 10 percent over January 2014.
What’s happening in Florida’s housing market? Real estate is a vital part of the economy in the Sunshine State, and Florida Realtors® serves as the voice for real estate in Florida. In this Market Update, Florida Realtors® Chief Economist Dr. John Tuccillo discusses the state’s housing statistics and provides insight into what the numbers really mean.