According to Florida Realtors latest housing data, Florida’s housing market had increased pending sales, higher median prices, and a reduced inventory of homes for sale in March. The statewide median sales price for single family homes was up 10.3 percent from a year ago, and condos/townhomes up 20.8 percent. This large jump in median sale prices is a sign that buyers are now looking at higher priced properties, while it’s becoming tougher to find properties at the lower end of the market. With the continued decline of inventory, historically low interest rates, and buyers no longer willing to wait on the sidelines, Florida’s real estate market continues on its road to recovery.
