Single-family home sales across Florida was up 18.7 percent higher in May compared to a year earlier, according to Florida Realtors.
The Florida Realtors recorded closing 22,375 single-family home sales in May, the highest May total in Florida since 2005, when 24,523 sales were completed with the median price of $232,000. Florida Realtors President Dean Asher said the sales numbers are helping to attract more people to list their homes for sale.
“Statewide, new listings for single-family homes increased 10.2 percent in May, while new townhome-condo listings rose 7.1 percent,” Asher said in a release.
The median price of sales this past month was $171,000, up 15.9 percent from May 2012 and the highest mark for May since 2008, when the median price was $203,800. May 2008 also marked the lowest overall number of home sales for a May in the past decade, when 12,044 sales were completed.
Regionally top sales performers last month included a 35.5 percent jump in the Fort Walton Beach-Destin region, 32.2 percent in Jacksonville, and 46.3 percent in Tallahassee.
Meanwhile, Naples reported a 6.2 percent increase in the monthly year-to-year single-family home sales, while Fort Myers was at 1.4 percent and Pensacola stood at 4.8 percent. Naples retains the highest price for home sales, with median sales at $350,000.
The latest monthly numbers come on the heels of a 17.4 percent jump in single-family home sales recorded for April.
Source: Florida Realtor and Jacksonville Business Journal