Florida’s Housing Market Continues To Improve in First Quarter of 2015

At the end of March of 2015, Florida’s real estate market was continuing on a path of improvement as it saw more positive growth for that period. The region saw higher median prices, more closed sales, an increase in new listings and an increase in pending sales, according to reports provided by Florida Realtors.

According to Florida Realtors President, Andrew Barbar, Florida’s population is increasing, more jobs are available in the region and the economy is improving. All these conditions have led to the creation of an environment in which the housing market is able to thrive. Barbar also stated in a recent interview that ‘Florida has just been ranked as the second-best state in the United States to do business’ because of these conditions. Florida also continued to see a decrease in distressed property sales within the first three months of 2015, along with a 7.4% year-over-year increase in new listings for single family homes within that same period. These developments are signs that Florida’s housing market is strong and is likely to strengthen even more. Expert advice on the current state of Florida’s housing market as well as the future prospects for the market can be obtained from Florida property management.

Source: floridarealtors.org