[mpc_icon_column title_font_color="#e4246c" title="Investing in Florida is a trend in the USA"]In September, the Florida home sales jump 11%. According to the latest real estate data from Florida Realtors, in September 2019 the Florida real estate market recorded more sales, higher average prices and an increase in pending inventory compared to a year ago. Single-family home sales statewide totaled 23,510 last month, a increase of 11.5% compared to September 2018. "Mortgage rates that remain historically low and the strong economic trends continue to help fuel Florida's real estate market" said Florida Realtors President Eric Sain. "In another positive sign, the pending inventory of existing single family homes increased 1.7% year-over-year, while the pending inventory of existing condominium properties increased 0.9%. Selling houses in Florida Pending inventory is the number of properties listed that were under contract at the end of the month or data collection period. Statewide median sales prices for single family homes and condominium properties in September increased year-over-year by 93 consecutive months. The statewide median sales price for existing single family homes increased by 5.3% over the previous year, according to data from the Florida Department of Realtor Research. "With inventory levels continuing to decline, low mortgage interest rates remain the primary reason we continue to see strong sales and price growth across much of the state," said Florida Realtors Chief Economist Dr. Brad O'Connor. "And with sales and prices continuing to rise, it should come as no surprise that the dollar volume of sales statewide also increased significantly in September of this year compared to September of last year." Statewide, closed sales of single-family homes totaled about US $ 8 billionan increase of 17% over the previous year. Source: Florida Trend To view the original article, click here. [/mpc_icon_column][mpc_alert font_color="#ffffff" background_color="#2eabbf"]

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  Now that you know a little more about Real estate growth in Florida, you can now consider making an investment in this region. To make the most of all the tips we've given you and go even deeper, you can talk directly to our relationship agents. They're always happy to talk to you about your investment questions, tours and living in Florida In this text we address the topic Real estate growth in Florida because it is interesting for those looking for invest in Florida. If you want to read more content like what we've brought you in this article, just stay tuned here at our blog.     [/mpc_textblock]

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See also: Real estate markets don't usually suffer during recessions

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