The Real Deal Miami

Florida single-family prices rise 6 percent, condo prices jump 13 percent

September 19, 2012 01:30PM

The median sales price of single-family homes in Florida rose 5.8 percent in August compared to the same month in 2011, according to data released today by Florida Realtors. The increase was accompanied by a 10.8 percent jump in closed single-family home sales activity. The median price stood at $147,000 last month, up from $139,000 in August 2011. The average sales price rose 6.8 percent in the same period, to $218,437. The median sales price of townhomes and condos in Florida rose 13.2 percent. “Florida’s housing market continues its momentum,” said 2012 Florida Realtors President Summer Greene. “Now our biggest challenge will be appraisals keeping up with the pace of this market.” — Alexander Britell