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News & Information: Real Estate News

Florida sales rise 19 percent in May

Monday, June 24, 2013  
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Florida’s housing market continued its upswing in May, with higher closed sales, more pending sales, rising median prices, more new listings and a lower inventory of homes for sale, according to the latest housing data released by Florida REALTORS®.

Statewide closed sales of existing single-family homes totaled 22,375 in May, up 18.7 percent compared to the year-ago figure. Meanwhile, pending sales for existing single-family homes last month rose 30.8 percent over the previous May.

The statewide median sales price for single-family existing homes last month was $171,000, up 15.9 percent from the previous year.

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