August (2011) Home Sales UP In Florida

According to the latest housing data released by Florida Realtors®.

Sales activity and median prices for Florida’s existing home and existing condo markets rose in August 2011.

Existing home sales increased 15 percent last month with a total of 16,206 homes sold statewide compared to 14,131 homes sold in August 2010. The statewide median sales price for existing homes last month was $137,500, up 2 percent from the year-ago figure of $134,900. August’s statewide existing home median price was also slightly higher than it was in July.

“Over the past few months, it appears that home prices have been stabilizing in many local markets across the state,” said 2011 Florida Realtors President Patricia Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound and Mariner Sands Country Club in Stuart. “This is another positive sign that the housing recovery is gaining strength.”

FYI- The median is the midpoint; half the homes sold for more, half for less. Also,sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.
 
In short, Sales higher in Aug. over year ago; home median price up 2%, condo median price up 12%. National existing sales up 7.7%