Housing sales up statewide, locally

By Observer Staff
| 1:00 p.m. February 25, 2014

Ormond Beach Observer
News

Interest rates also increased over the area's rates one year ago.

COMPILED BY THE OBSERVER STAFF

Florida's housing market reported more closed sales in January of this year than last year, according to Florida Realtors.

Closed sales of single-family homes statewide totaled 15,000 last month, up 10.2% over the January 2013 figure. According to information provided by the Daytona Beach Area Association of Realtors, there were 538 closed sales of residential single-family homes in December, as compared to 439 closed sales in December 2012.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.43% in January 2014, up from the 3.41% average recorded during the same month a year earlier.