Closed sales of condo-townhouses statewide in March totaled 10,340, down 6.1% compared to a year ago.

Florida Realtors chief economist Dr. Brad O'Connor says, “On a statewide basis, more homes typically go under contract in March than in any other month of the year. And compared to March of last year, new pending sales of single-family homes this March were up by 2.6% to a total of 31,383. In fact, this is the highest number of new pending sales we've seen in any month across the previous 11 years in which Florida Realtors has tracked this statistic.”

He adds, “New pending sales in the condo and townhouse category, by the way, were also up, rising by 1% from last March's total. Of course, not all homes that go under contract end up as closed sales, but this is a pretty good sign for the market going into spring.”

Single-family home sales in Miami-Dade County fell 1.9% in March as compared to March 2018, according to the Miami-Dade Association of Realtors. The median sale price of a single-family home in Miami-Dade rose 0.9% during that period to $351,250. The inventory (active listings) of single-family homes in that market area has risen 8.2% in that 12-month span.

Sales in the Miami-Fort Lauderdale-West Palm Beach MSA fell 3.7% and the median single-family home sales price in that market rose 1.4% to $355,000 as of March 2019.

Other major MSA single-family home sales market results included: Orlando-Kissimmee-Sanford MSA, sales were up 1.8% and the median price increased 3.5% to $269,000; Tampa-St. Petersburg-Clearwater MSA sales were up 0.9% and the median price increased 3.3% to $237,695 and the Jacksonville MSA registered a 0.9% increase in home sales, while the median sale price remained flat as compared to last March at $250,000.