Sanibel Real Estate Blog: Florida January Sales Strong

From the Florida Association of Realtors: Florida’s housing market saw rising median prices, fewer all-cash closed sales and a tight inventory of for-sale homes in January, according to the latest housing data released by Florida Realtors┬«. Closed sales of single-family homes statewide totaled 16,529 last month, up 2.7 percent over the January 2015 figure.

“Florida’s housing market remains on a steady path,” says 2016 Florida Realtors President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami. “While inventory levels are tight, the months’ supply of homes for sale remains stable and distressed property sales continue to fall. The current market offers a great opportunity for sellers, who are getting nearly 94 percent (for existing single-family homes) of their asking price at the closing table; existing townhouse-condo sellers are getting more than 93 percent of their asking price. And while mortgage rates are inching higher, they remain historically low, which gives consumers more buying power.”

The statewide median sales price for single-family existing homes last month was $199,000, up 13.7 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in January was $152,000, up 10.9 percent over the year-ago figure.

Maybe time to start looking into buying or selling some Sanibel real estate. Check out our listings at www.chuckandrews.com, or give us a call at 239-849-3396 to discuss the Sanibel real estate market anytime!

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