Closed sales of single-family homes statewide totaled 18,159 last month, remaining relatively the same (up 0.4 percent) as the February 2015 figure. The statewide median sales price for single-family existing homes last month was $200,000, up 11.1 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in February was $150,000, up 5.6 percent over the year-ago figure.
"The trends we're seeing in closed sales and new listings have led to two straight months of rising inventory levels (active listings) in both property type categories," O'Connor said. "Single-family home inventory was still 3.8 percent lower than it was at the end of February 2015, but this is still an improvement over January's 7.4 percent year-over-year decline. Year-over-year inventory growth in the condo/townhome market, on the other hand, was strongly positive for a change at 6 percent."
Inventory was at a 4.5-months' supply in February for single-family homes and at a 6.3-months' supply for townhouse-condo properties, according to Florida Realtors.