ORLANDO, Fla. – March 23, 2015 – Florida's housing market reported more closed sales, higher median prices, increased pending sales and more new listings in February, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 18,701 last month, up 19 percent over February 2014.

"Florida's housing market continues to show positive momentum," says 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. "Realtors across the state are reporting increased interest from both buyers and sellers – and with interest rates expected to rise in the next few months, now is certainly the time to take action.

"On the buyer front, new pending sales for existing single family homes in February increased 14.7 percent year-over-year; pending sales for townhouse-condo units increased 7.5 percent," says Barbar. "On the sellers' side, new listings for single-family homes rose 5.5 percent year-over-year, while new townhouse-condo listings rose 3.1 percent."

Barbar noted that Februarymarked the 39th consecutive month that statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year.

The statewide median sales price for single-family existing homes last month was $179,995, up 9.1 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in February was $143,000, up 8.3 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.