Florida property home sales rise in May 2010
Sales of existing homes in Florida rose 18 percent in May, marking 21 months
that sales activity has increased in the year-to-year comparison, according
to the latest housing data released by Florida Realtors®.
A total of 16,745 single-family existing homes sold statewide last month
compared to 14,172 homes sold in May 2009, according to Florida Realtors.
The statewide existing-home median price in May was slightly higher than
April, marking the third month in a row that the median price has increased
over the previous month.
Across the state, a variety of housing opportunities continues to be
available at attractive prices, said 2010 Florida Realtors President Wendell Davis.
"
Favourable conditions like this spark buyers' interest," Davis said.
According to NAR's latest industry outlook, factors such as a return of
buyer confidence, stabilizing home prices and an improving economy are
supporting the market. "The housing market has to get back on its own feet,"
said NAR Chief Economist Lawrence Yun, "and now appears to be in a good
position to return to sustainable levels."
Posted: 22 June 2010
Source: Florida Association of Realtors
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