Anthony Acevedo Anthony Acevedo

Housing Market Reaches Record-High Home Price and Gains in March

The median existing-home sales price in March rose by a record-breaking annual pace of 17.2% to a historic high of $329,100, with all regions posting double-digit price gains. The median existing-single-family home sales price jumped 18.4% to $334,500, both historic highs.

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Anthony Acevedo Anthony Acevedo

Florida Home Sales and Prices Up, Inventory Tight in March

Florida Realtors®’ data: Single-family home sales rose 23.3% year-over-year, median sales price up 18.9%; condo sales up 52.6%, median price up 15.2%. The coronavirus was first detected in Florida on March 1, 2020; therefore, last March’s data was the first to reflect the pandemic’s impact.

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Anthony Acevedo Anthony Acevedo

MAJOR REALTOR® PRIORITY SIGNED INTO LAW

Senate Bill 50, which contains the largest reduction to the Business Rent Tax (BRT) was signed by the governor last night. Senate Bill 50 relates to taxation. By way of background, sales tax is already required to be collected and remitted on online purchases.

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