Central Florida’s housing market: Sales, median prices up in August 2016

Central Florida’s housing market reported more closed sales and higher median prices in August, according to the latest data released by Florida Realtors. Local closed sales of existing single-family homes totaled 3,150 last month, up 5.5 percent from August 2015. Statewide, closed sales of single-family homes statewide totaled 25,070 last month, up 8.2 percent from August 2015. “A continued lack of inventory – particularly in the mid-$200,000 and under range – is creating obstacles for…

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