Florida records strong May home sales

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Sales of single-family homes statewide. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

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Single-family home sales decreased by 3.4% in May to 1,010 sales in the city of Austin. However, sales dollar volume increased by 7.1% to $512,126,547, illustrating higher price points and a tightening market. The median price for single-family homes rose 5.8% year over year to $407,400.

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Because of changes in Florida Law, it is possible to have different assessed and taxable values on the same property. For example, the additional $25,000 Homestead Exemption and the non-homestead CAP do not apply to public schools, and the Low Income Senior Exemption only applies to countywide and certain municipal millages.

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CVS Health sold one of its retail buildings in the Sunset neighborhood of Miami-Dade County, but kept the price out of county.

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