Florida’s housing market continued its positive momentum in the second quarter of 2017 with more closed sales, higher median prices and more pending sales, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 79,888 in 2Q 2017, up 3.7 percent over the 2Q 2016 figure.
“Florida’s economy and jobs outlook continued to grow in the second quarter of this year,” said 2017 Florida Realtors® President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. “State officials just reported that among all states, Florida had the third-fastest annual private-sector job growth rate in the nation. Meanwhile, the state’s unemployment rate was 4.1 percent in June, better than the U.S. unemployment rate of 4.4 percent, according to the Bureau of Labor Statistics. Demonstrating that Florida is more than a destination state, these positive economic factors drive Florida’s housing market forward. Pending sales for single-family homes over the three-month period rose 1.4 percent year-over-year, while condo-townhouse pending sales rose 2.7 percent.