See how Flagler County compares to the U.S. and Florida May home sales. As usual, we are the most affordable; 5.0% below the state median and 12.9% below the national median.
PALM COAST, FL –May home sales were released this week both by Florida Realtors® and National Association of Realtors®. April home sales were also released by Flagler County Association of Realtors®. As in the past, the median price of a single-family home in Flagler County is less than in Florida overall (-5.0%) and in the U.S. (-12.9%).
Here is how Flagler County stacks up:
Homes sold May 2016 vs. May 2015 (percentage change)
Flagler –4.1%
Florida – 4.5%
U.S. – 4.5%
Median selling price for single-family homes
Flagler – $210,000
Florida – $221,050
U.S. – $241,000
Percent paid in cash
Flagler – 41.1%
Florida – 29.1%
U.S. – 22.0%
Short Sale percentage
Flagler – 0.9%
Florida – 2.3%
U.S. – 1.0%
Foreclosure sales
Flagler – 4.8%
Florida – 9.4%
U.S. – 5.0%
Regional Snapshot
Here’s how existing-home sales fared across the country in May:
Northeast: existing-home sales rose 4.1 percent to an annual rate of 770,000, and are now 11.6 percent above a year ago. Median price: $268,600, which is 0.1 percent below May 2015.
Midwest: existing-home sales fell 6.5 percent to an annual rate of 1.3 million in May but are still 3.2 percent higher than a year ago. Median price: $190,000, up 4.8 percent from a year ago.
South: existing-home sales rose 4.6 percent to an annual rate of 2.28 million in May and are now 6.5 percent above a year ago. Median price: $211,500, up 5.9 percent from a year ago.
West: existing-home sales climbed 5.4 percent to an annual rate of 1.18 million in May but are still 1.7 percent lower than a year ago. Median price: $346,900, which is 7.7 percent above a year ago.
Note: U.S. "existing home sales" in the regional analysis includes single-family homes, town-homes, condominiums and co-oops.
