Florida’s existing home sales grew 2% in April from a year ago as mortgage interest rates remain near historical lows, making it an opportune time for buyers with good credit to jump off the sidelines, Florida Realtors said Thursday. In April, the agency noted 17,192 existing home sales in the Sunshine State, compared to 16,781 sales a year earlier. Meanwhile, existing condo sales experienced a 17% jump. Twelve Florida metro areas saw higher existing home sales in April, while 14 reported higher condominium sales. “Market conditions remain optimal for qualified buyers with strong credit,” said Florida Realtors President Patricia Fitzgerald. “Mortgage interest rates are under 5%, a range of housing options is available at very affordable prices, and the economic recovery continues to strengthen. Realtors across the state are reporting increased interest from buyers ready to find their Florida dream home.” Buyers also are finding deals, with Florida’s median sales price hitting $131,700 in April, down 6% from $140,300 last year. Write to: Kerri Panchuk.
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
