Florida homes sales continue rebound in September

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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.

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Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.