SI Real Estate Tampa and The Beaches

A recent report by Florida Realtors reports that Florida’s pending sales, median home price and closed sales all increased in the month of October . Real estate closings for existing home sales were up 25.3% from a year ago and totaled 17,779 transactions. Florida boasted a median sales price for existing homes of $184,300 in September which is up 11.4% from this time last year, according to the National Association of Realtors. This is actually higher than the national average.   The President of Florida Realtors, Summer Greene, reported that the state’s unemployment rate fell to the lowest it has been in four years! This coupled with the increases in pending homes sales, closings and prices will bring an even brighter outlook to the real estate market in Florida. Condo sales saw a year over increase of 16.4% and a median price of $107,000, which is also up 20.2% from a year ago.   On a national level, housing starts experienced a 3.6% uptick as well, reported by th...