Florida condo sales up 10.8% year-to-year. Statewide median price for single-family homes up 8% to $270K; condo median price up 6.7% to $200K. The spread of COVID-19 has affected everyone, says Florida Realtors Pres. Grooms, noting that exactly how Fla.’s businesses and real estate will be impacted ...
Florida Realtors data: Single-family sales up 5.9%, median price up 3.7% year-over-year while condo median price up 3.8% over 2018’s end. Condo sales eased slightly, down 0.8%, compared to a year ago. A growing economy and strong jobs outlook bode well for 2020.
Myth: In Fla.’s economy, citrus is second to tourism. Fact: Real estate sales and leasing are far-and-away Fla.’s No. 1 industry. It makes up 16% of the state’s economy ($173B per year), according to an analysis of North American Industry Classification System (NAICS) data.
Florida Realtors Real Estate Trends summit: The U.S. economy is doing quite well – and Fla.’s economy is doing even better, economic experts told more than 400 Realtors at the 2020 summit. Factors that fueled fears of a possible recession have mostly faded.
Florida condo-townhouse sales were up 17.7% year-to-year. The statewide median price for single-family homes rose 5.9% to $270K, and condo-townhouse prices were up 8.1% to $200K. Pending inventory and new pending sales also rose statewide in both categories.