Florida Housing Looking Good

Positive trends-more closed sales,higher median prices,new listings and fewer days on the market dominated November Florida Real Estate news. Also the decision by the Fed to slightly raise rates will not have a negative effect on home sales. The rate rise has spurred new sales. Median sales price for a SFR is around 200,000 up 13.6%, and for a condo the Median price is around 150,000 up 7.1% compared to last November. Inventory continues to be tight which really helps a seller in this market. Also there are still lower priced properties needing work which are a bargain. This is a great time to be a seller or investor in Florida.