11/23/2021
Here are a few key points based off the Realtors Association market data thatโs been recently released.
๐ด Statewide median sales price for single-family existing homes in October was $358,950, up 17.7% from last year
๐ด Last month, the median time to a contract was 12 days for single-family homes and 15 days for condo-townhouse properties.
๐ด Single-family existing home sales paid in cash increased by 25.4% year-over-year, while cash sales of condo-townhouse units rose by 6.5%
๐ด According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.07% last month, up from the 2.83% averaged during October 2020.
To sum up, if youโre a SELLER it is still a good time to maximize on your profits. If youโre a BUYER, take advantage of the going rates - which have been steadily increasing over the past weeks.
Need more info? Letโs chat ๐
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Florida Realtorsโ data: Demand, low inventory impact prices. Single-family home median sale price up 17.7% to $358,950, condo median price up 17.6% to $260,000.
