Florida Realtors: Feb. Single-Family Sales Up 9.1%
ORLANDO, Fla. – Florida’s housing market reported more closed sales, higher median prices, more pending sales and higher pending inventory in February 2020 compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 20,693 last month, up 9.1% from February 2019.
“February was a strong month for Florida’s housing market, continuing the trends we have seen previously, such as historically low mortgage rates and tight for-sale inventory,” says 2020 Florida Realtors President Barry Grooms, a Realtor and co-owner of Florida Suncoast Real Estate Inc. in Bradenton. “New pending sales for single-family existing homes rose 12.5% last month and new pending sales for condo-townhouse units increased 13.9%.