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Friday, January 24, 2014
NOW is the time to buy in Florida
before prices rise again
FLORIDA REAL ESTATE MARKET IS IN RECOVERY MODE....
HOW MUCH ARE HOME SALES UP?
Florida Realtors News reports single family home sale
closings are up 8.6% compared to Dec 2012. National
Association of Realtors says prices and sales are
strongest in 7 years.
The number of listings is increasing. Statewide consecutive gains began over two years ago.
Generally, properties are closing faster with median days on market 50 days for single family homes and 51 days for townhouses and condos.
Translation: 50% of homes on the Florida
market sell in less than two months. While inventories are rising, cash sales are declining and there are fewer distressed properties on the market. Investor activity is lower.