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News & Information: Real Estate News

Florida sales hop 5 percent in June

Thursday, July 19, 2012  
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Florida’s housing market had increased pending sales, more closed sales, higher median prices, and a reduced inventory of homes for sale in June, according to the latest housing data released by Florida REALTORS®.

"All of the signs point to solid gains, which is good news for the state’s economy," says said 2012 Florida REALTORS® President Summer Greene. In June, pending sales were up 31 percent for existing single-family homes and nearly 23 percent for townhouse-condo units compared to a year ago. The trend shows that many buyers are ready to purchase their Florida dream home, but a lack of financing options and overly restrictive credit standards remain obstacles.”

Statewide closed sales of existing single-family homes totaled 18,800 in June, up 5.3 percent compared to the year-ago figure. The statewide median sales price for single-family existing homes last month was $151,000, up 8.2 percent from June 2011.

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