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Housing Market Indicators

April 25, 2006

I have compiled the following housing market indicators.

  • Florida existing home sales: -20%
  • Florida existing condominium sales: -23%
  • Florida existing home median price: $244,200
  • Florida existing condominium median price: $218,700
  • Florida consumer confidence: 91
  • 30-year fixed rate mortgage: 6.53%
  • National existing home sales: +5.2%
  • National existing home median price: $209,900
  • Pending homes sales index: 117.7
  • National consumer confidence: 107.2
  • National new home sales: -10.5%
  • National new home median price: $230,400

Consumer confidence among Floridians rose four points in March to 91, regaining half of its eight-point decline in February, according to University of Florida economists. Five individual components create the total index and four of those components rose this month.

Perceptions of personal finances now compared to a year ago rose from 83 in February to 88 in March. Perceptions of future personal finances remained unchanged. Perceptions of U.S. economic conditions over the next year rose from 77 in February to 80 in March, while perceptions of economic conditions over the next five years rose three points to 82. Perceptions of whether it is a good time to buy big-ticket items rose six points to 108.

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