Real Estate Stats for Florida Home Sales Dec 6, 2016
Report: Home prices still ‘have room to run’
There’s still a lot of equity-building potential for homeowners. Freddie Mac’s Multi-Indicator Market Index (MiMi) stands at 86, which the mortgage giant says is on the “outer edge of its historic benchmark range of housing activity.”
In Florida, the Index is a bit better coming in at 86.7 in the latest reading. An index score of 100 indicates a housing market that equals its historic, long-term average.
However, Freddie also found that Florida ranked second behind Nevada for most improved state year-to-year. In Fla., the index rose 11.58 percent compared to Nevada’s 11.74 percent. Freddie Mac’s study found it “in range” of its historically stable housing market and “improving.” Two Florida cities – Orlando and Tampa – rank in the top five nationally for “most improved.”