A new report from the Florida Realtors shows that home sales rose in 2015. The state recorded 274,769 single-family home sales in 2015, a 12.4 percent increase over 2014, while the median sales price rose 10.1 percent to $196,000. Jacksonville led the state in both categories, with 22.4 percent more sales and a median price increase of 20 percent. Statewide, the condo/townhouse market also strengthened in 2015 with a 6.1 jump in sales (to 114,969 units) and an uptick of 7.1 percent in the median sales price of 7.1 to $150,000. Again, Jacksonville led the state with a 28.7 percent leap in sales and 20 percent growth in the median sales price.
“In each of the first three quarters of 2015, we observed double-digit percentage increases in [single-family home] sales on a year-over-year basis,” Florida Realtors Chief Economist Dr. Brad O’Connor said. “Year-over-year growth in 2015’s final quarter was more subdued, signaling a possible return in 2016 to more stable rates of sales growth. We expect home prices, on the other hand, to continue to rise at an elevated pace in 2016, as much of the state is in the midst of an inventory shortage that is likely to persist throughout the year.”
