Florida Real Estate Continues to Bounce Back

Floridas real estate market continues to rebound, according to data unveiled by the Florida Realtors on Monday.

Were seeing double-digit gains in statewide closed sales, new listings, pending sales and higher median prices, said Florida Realtors President Dean Asher, an Orlando-based Realtor, on Monday. And these increases are happening in both the single-family and the town home-condo markets. July marks the 19th consecutive month that weve seen the statewide single-family home median sales price increase year-over-year. Floridas housing market is growing and thats good news for our economy.

In July, there were closed sales on more than 21,200 single-family homes across the Sunshine State, an increase of almost 21 percent from July 2012. Pending sales are also on the rise with almost 26 percent more pending sales last month than in July 2012. The average single family home in Florida sold for $177,500 in July 2013, a gain of 18.7 percent from July 2012.