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News & Information: Real Estate News

Florida sales leap 24 percent

Wednesday, December 26, 2012  
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Closed sales, pending sales, median prices and average prices rose in Florida’s housing market in November, while the inventory of homes and condos for sale shrunk, according to the latest housing data released by Florida REALTORS®.

"The sizzle is back,” said 2012 Florida REALTORS® President Summer Greene, describing the state of Florida’s real estate market. "With home sales strongly trending up and the supply of homes for sale drying up, the market is hot. And we expect these trends to continue into 2013 with the jobs market improving, low mortgage rates continuing and consumer confidence getting stronger.”

Statewide closed sales of existing single-family homes totaled 17,072 in November, up 24.4 percent compared to the year-ago figure.

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