According to the Florida Realtors Association, Florida’s housing market reported higher median prices, more new listings and a slight rise in inventory in April 2014 and for the 29th month in row, median sales prices rose year-on-year.

The median sales price for single-family homes in Florida last month was $175,000, up 6.1% from the previous year. The median price for townhouse/condo properties in April was $140,500, up 9.8% in the past 12 months.

However, this price growth is lower than the national average, according to the National Association of Realtors (NAR), which reports that the national median sales price for existing single-family homes in March 2014 was $198,200, up 7.4% from the previous year.

In California, the median sales price for single-family homes in March was $435,470; in Massachusetts, it was $314,063; in Maryland, it was $245,891; and in the state of New York, it was $217,500.

“We continue to see the development of a sustainable market here in Florida,” said Florida Realtors Chief Economist Dr. John Tuccillo. He added: “The numbers all suggest a balanced market, and the slight uptick in inventory is a correction for the historically low levels we’ve seen over the past two or three years.”