Existing Home Sales Increase in March

Sales of existing single-family homes in Leon county increased in March by 5.4% when compared to numbers sold in March one year ago. There were 313 single-family home resales in March 2017 and 292 resales in March 2016.

The latest numbers show that annualized rate of sales was 3,097 in March. This is 7.9% above the annual rate of 2,892 reported in March 2016.

The chart below shows the annual rate of single family sales over the last 12 months.March17Realestate1

The chart below shows that the 12-month and 3-month averages sales price of single-family homes.

The 12-month average sales price in March 2017  was $226,567 – this is a 4.96% increase when compared to the 12-month average reported last March.


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