Florida homes sales continue rebound in September


Sales of existing homes in Florida rose 2 percent in September from a year ago and median prices continued to improve, according to figures released Friday by Florida Realtors.

Sales completed but not closed were up even higher, posting a 40 percent increase from the same time last year. “Florida’s real estate market is no longer in recovery mode – stability and growth gain solid footing,” said 2012 Florida Realtors President Summer Greene. “Realtors across the state are reporting consistent increases in home sales and median prices, and multiple offers from buyers aren’t unusual.”

Meanwhile, the median sales price increased 7.4 percent to $145,000. The inventory for single-family homes stood at a 5.2-months’ supply; according to Florida Realtors. Industry analysts note that a 5.5-months’ supply symbolically represents a market balanced between buyers and sellers.