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The upside of Florida real estate: 15 market positives
The upside of Florida real estate: 15 market positives
 1. Great prices. Statewide, the median sales price for existing homes last month (February) was $141,900; a year ago, it was $199,300 for a 29 percent decrease. 
 2. The time is right. Home sales volumes are rising again - a clear signal that today's "buyers market" is changing.  Existing home sales rose 20 percent last month with a total of 9,858 homes sold statewide compared to 8,181 homes sold in February 2008, according to FAR. February's statewide existing home sales were 16.7 percent higher than January's statewide sales.  Florida Realtors also reported a 15 percent gain in statewide sales of existing condominiums in February, continuing a trend in recent months for higher statewide sales of both the existing home and existing condo markets compared to year-ago levels. Statewide existing condo sales last month increased 25.1 percent over the total units sold in January according to FAR statistics.
 3. High inventory levels. Conditions are ideal for buyers to find their dream home. Inventory is still plentiful in all price ranges. But as sales volumes increase, inventory levels are likely to shrink. That reality translates into this advice for buyers: Don't wait too long. ... more

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