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Real Estate Analysis and Commentary in WINTER HAVEN

Home Sales Increase in Polk County 2014
January 25th, 2015 9:42 AM
The number of home sale transactions increased in Polk County by 3.8 in 2014 according to local multiple listing services.  Additionally, the median home price rose to $137,500 by the end of 2014.  That was an increase of 12.7% over 2013.  The County median home price at the end of 2012 was about $100,000.  So, you can see that the real estate market has steadily improved over the last two years.  Local economists attribute this to an improving employment picture, low interest rates and population growth.  All of these factors have strengthened demand and caused home prices to increase.

Another interesting facet of the local residential market is that in the 4th quarter of 2014, 50% of the County's home sales were cash transactions.  According to RealtyTrac that was the sixth largest percentage among large metro regions.  Florida led the nation with 53% of residential transactions being paid with cash. 

Posted in:General
Posted by Dave Hohman, ASA on January 25th, 2015 9:42 AMPost a Comment

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