A new Florida Realtors report states that Central Florida saw the fourth-highest increase in single-family home sales in August on record. The Greater Metro Orlando area had 2,995 closings in August, up 19.3 percent from the same time period from a year ago. The median area sales price was also up 9.2 percent to $202,000 from this time last year.
Sales of single-family Florida homes totaled 23,605 in August, up 8.6 percent from August 2014 with the median price of $199,900 up 11.1 percent from last year. The Crestview-Fort Walton Beach-Destin area had the largest year-over-year increase at 28.1 percent, followed by Jacksonville at 20.8 percent and Gainesville coming in at 20.3 percent. The Sarasota-Bradenton and Punta Gorda metro areas saw the largest uptick in median price tying at a 21.4 percent increase apiece.
“It’s been a summer of positive growth, showing strong gains in closed sales and median prices,” said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. “Statewide, median sales prices increased year-over-year for both single-family homes and townhouse-condo properties for the 45th month in a row in August. Closed sales rose for single-family homes and for townhouse-condo units, and it’s taking less time to complete or close those transactions: a median of 45 days for single-family homes and 54 days for townhouse-condos.”
