Florida's existing home sales ROSE in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®.
Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March 2009, according to Florida Realtors. Statewide existing home sales last month increased 37 percent over statewide sales activity in February. Also noteworthy: While March's statewide existing-home median price of $137,000 was down from the same time a year ago, it was 4.3 percent higher than February's statewide existing-home median price.
Florida Realtors also reported a 63 percent increase in statewide sales of existing condos in March compared to the previous year's sales figure; statewide existing condo sales last month rose 40.6 percent over the total units sold in February. Though March's statewide existing-condo median price of $96,900 was down compared to the year-ago figure, it was 5.1 percent higher than February's statewide existing-condo median price.
Seventeen of Florida's metropolitan statistical areas (MSAs) reported increased existing home sales in March while all MSAs had higher condo sales. A majority of the state's MSAs have reported increased sales for 21 consecutive months.
I believe we are heading in the right direction! It also means the PRICES WILL SOON RISE!
if you are a buyer I believe the time to act is NOW, tomorrow might be to late.