Florida Realtors: January Single-Family Sales Up 18.2%

“Market conditions – particularly interest rates – have been very favorable for home sales over the past several months,” he says. “Remember, however, that part of these January year-over-year increases is due to January 2019 being fairly weak in terms of sales. Back then the stock market had been undergoing some major fluctuations, and we were in the midst of a federal government shutdown. Mortgage rates were only really beginning to fall at that point, so they were not yet benefiting buyers who were closing at that time.”

Still, January’s gains in closed sales and median prices in both the single-family homes and condo-townhouse categories continues positive trends for the state’s housing sector, O’Connor says.

Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400