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Tuesday, Aug 19, 2014
Business News

Florida housing sales, prices rise slightly in April over last year

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Florida’s housing market showed slight improvement in April from the same month a year ago.

Florida Realtors reported a slightly higher median price for single family homes in April, more new listings and a bit more inventory. Closed sales for single-family homes statewide totalled 21,385, up 4.1 percent over April 2013.

The statewide median sales price was $178,000, up 6.1 percent over 2013.

In the Tampa-St. Petersburg metropolitan area, 3,433 home sales closed in April, a 0.9 percent increase over April 2013, with a median price of $150,000 for the homes that sold. That is a 4.9 percent increase over the price of homes that sold last year.

Townhouse and condo sales were down 8.2 percent over April 2013 in the Tampa-St. Petersburg region, with 1,251 townhomes closing at a median price that rose 12.5 percent to $108,000, according to Florida Realtors.

Nationally, home sales increased for the first time this year. Inventory increased and home prices stayed about the same, according to the National Association of Realtors.

Total existing home sales, which are completed transactions including single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million, up from 4.59 million in March. Those figures are still 6.8 percent below the 4.99 million units sold in April 2013, the national board reports.

Figures for Hillsborough County were unavailable on Thursday. In Pinellas, David Bennett, president of the Pinellas Realtors Organization, released figures showing that closed single family homes sales were up 3.3 percent and townhouse closed sales increased by 6 percent in April. But when combined, April closed sales were down 1 percent compared to 2013, Bennett said in an email.

“Steady does it,” Bennett said. “But closed sales have steadily increased the last four months since January of this year. A total of 640 more homes were sold this April than in January of this year and 154 more homes were sold in April than in March.”

yhammett@tampatrib.com

(813) 259-7127

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