Florida Home Prices, Sales Continue to Rise in April

According to Florida Realtors, Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April 2019 compared to a year ago. Sales of single-family homes statewide totaled 26,992 last month, up 6.2% over April 2018. "Still-low mortgage interest rates and a strong jobs outlook are positive trends for Florida's housing market," said 2019 Florida Realtors President Eric Sain. "Another strong sign: New pending sales for existing single-family homes in April rose 4.4% year-over-year, while pending sales for existing condo-townhouse properties remained at about the same level (-0.8%) as April 2018."