According to data released this morning by the Realtors Association of the Palm Beaches, the number of newly-listed homes jumped 11 percent, adding inventory and increasing the months of supply to 5.7.
Statewide, home sales were up 5 percent from last year, with prices growing 3.6 percent to $185,000.
“Florida’s housing market continued its steady pace in July,” said 2014 Florida Realtors President Sherri Meadows, CEO and team leader, Keller Williams. “Median sales prices rose year-over-year for both single-family homes and townhouse-condo properties in July – marking 32 months in row for higher median prices.”
Nationally, the volume of home sales was up 2.4 percent in July from June to a seasonally adjusted 5.03 million, which is the highest…
View original post 146 more words