Florida records strong May home sales
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New-home sales increased 4.9% in Feb. (3/29/2019) Falling mortgage rates eased affordability, and builders may be constructing smaller homes. The median sales price of a new home in Feb. fell 3.6% to $315,300. Pending home sales dip 1% in Feb. after Jan.’s 5% surge (3/28/2019)
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This is 7.0 percent (15.2 percent)* above the revised May rate of 604,000 and is 4.5 percent (21.8 percent)* above the June 2018 estimate of 618,000. Sales Price The median sales price of new houses sold in June 2019 was $310,400. The average sales price was $368,600.
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If you later decide that moving to Florida was a mistake and you want to sell and move out of Florida, you may find yourself in a strong buyer’s market when Florida real estate prices are low. This can lead to a large financial loss. Florida real estate prices dropped an average of 60% during the last recession. Yes, the person who bought a.