Florida Housing Market Improved in August

The Florida Realtors reported on Thursday that the housing market in the Sunshine State continued to improve in recent weeks.

During the month of August, there were more closed and pending sales while median prices rose in Florida.

Both sales and prices demonstrate that Floridas housing market is growing and continuing to gain strength, said Dean Asher, a Realtor in Orlando serving as president of the Florida Realtors. The growth in jobs and other positive signs are putting buyers at ease with how the economy is progressing. At the same time, prices are encouraging sellers to get off the fence and helping to ease inventory pressures.

Asher pointed to almost 21,000 single-family homes sold in August, an increase of 12.5 percent from August 2012. August is the 20th month in a row that weve seen the statewide single-family home median sales price increase year-over-year, Asher said.