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Florida Realtors: ‘Market Continues to Improve’

Florida recorded 15.8 percent more existing single-family home sales closed in December than in the month that closed out 2011, the Florida Realtors reported on Monday.

At the same time, pending sales -- contracts that have yet to be completed or closed -- for existing single-family homes was up 39.7 percent in a year-to-year match-up.

Statewide, single-family homes sold for a median price of $154,000, up 14.1 percent in the same time frame.

The market continues to improve, and its doing so in all parts of the state, Florida Realtors Chief Economist Dr. John Tuccillo stated in a release.

Of note is the fact that inventory levels are now clearly consistent with a sellers market. When the final year-end statistics are compiled, expect that sales in 2012 will be more than 10 percent higher than they were in 2011. Once again, all the positive indicators are up significantly. The Florida real estate market is rapidly improving.

Other numbers from the Realtors:

8,470, number of townhome and condo units sold statewide last month, up 8.6 percent.

$117,500, median price for a townhome or condo sale, up 26.3 percent.

Florida now has a 5.5 month supply of single-family homes.

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