Fla.’s housing market continues on a steady track - www.SouthFloridaHomeSale.Com

Posted on February 23, 2015 by Rory Mark Schmer from South Florida
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Florida's housing market continues on a steady track

ORLANDO, Fla. – Feb. 23, 2015 – Florida's housing market had higher median prices, more new listings and a continued stabilization of inventory in January, according to the latest housing data released by Florida Realtors®.

Closed sales of single-family homes statewide totaled 16,087 last month, up 10 percent over January 2014. The statewide median sales price for single-family existing homes last month was $175,000, up 7.4 percent from the previous year. The statewide median price for townhouse-condo properties in January was $137,000, up 5.4 percent over the year-ago figure.

Secondly, the percentage of condo sales accounted for by cash dropped dramatically in January. This shows the impact of a strengthening dollar on foreign demand, as well as the continuing decline in market participation by volume investors. According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.67 percent in January 2015, down from the 4.43 percent average recorded during the same month a year earlier.

Considering buying, selling or renting Real Estate here in Miami-Dade, Broward or the Palm Beach Counties? We have resided here in South Florida for 45 plus years. Conducting Real Estate on a very high level! Making friends and building relationships.

Please contact me Rory Mark Schmer Founder of SouthFloridaHomeSale.Com

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You can reach me directly at 954.465.8147 we operate 24/7. We are email and text friendly so please feel free to contact us VIA any means available. I am always here for you!

I have surrounded myself with the best associates in the business. We have attorneys on staff and should you need mortgage assistance our lenders are incredible. 

I look forward to hearing from you. Check out our website www.southfloridahomesale.com she's loaded with information and content. I know you will appreciate her.

Have a great day,

Rory Mark Schmer PA