Posted in: Business, Exclusive

Leon County Single-Family Home Resales Ends 2015 With Double-Digit Increase

Posted on January 26, 2016

Leon County Single-Family Home Resales Ends 2015 With Double-Digit Increase

The graph below shows the annualized sales of single-family homes in Leon county over the last 12 months.

The latest information shows that the resale market slowed in December, but still finished 2015 with a double-digit increase over the number of units sold in 2014.

In 2015, a total of 2,846 single-family units were sold. That is 395 more units than were sold in 2014. That is 13.8% increase.

This increase surpasses the 12% increase in single-family resales experienced in 2014 when compared to 2013.

L1RealEstate1

The graph below shows the annualized average sales price of single-family homes  in Leon county over the last 12 months.

The single-family resale prices in December had a significant downward impact on the 12-month average sales prices. The graph below shows that resale prices began to slowly decline beginning in August.

However, single-family sale prices ended 2015 at $217,800, up 3.3% over average sales price in 2015.

This increase comes after a 3% increase in 2014 and a 4% increase in 2013.

How does Leon County compare to other locations?

At the national level, the National Association of Realtors (NAR) reported single-family home sales are 7.1 percent higher than  a year ago. The median existing single-family home price was $226,000 in December, up 8.0 percent from December 2014.

The NAR also reported existing-home sales in the South increased 4.6 percent above December 2014. The median price in the South was $196,100, up 6.8 percent from a year ago.
L1RealEstate2

Leave a Reply

Your email address will not be published. Required fields are marked *