Two Florida Housing Markets Buck Price Trend -- They're Up!

While home prices continue to slide statewide, two regions posted gains in the second quarter.

Palm Bay-Melbourne-Titusville median home prices were up 12.7 percent while Cape Coral-Fort Myers climbed 12 percent. Those were the eighth and 10th biggest increases nationwide.

The Florida Association of Realtors was not available to comment on the year-to-year gains, but the National Association of Realtors speculated that median prices rose because more buyers were steering clear of foreclosure fire sales.

On the downside, three Florida housing markets were listed among the 25 worst performers in the nation. Ocala's prices declined 13 percent, Jacksonville's dipped 9 percent and Orlando's nudged down 6 percent.

Statewide, median prices in the quarter were $141,300, down from $143,000 a year ago.