The Real Deal Miami

Florida home sales jump 13 percent

November 21, 2011 01:18PM

Existing home sales in Florida increased by 13 percent in October with a
total of 13,755 homes sold, according to data from Florida Realtors.
“Statewide, both sales and prices are above where they were this time
last year,” said John Tuccillo, chief economist at Florida Realtors.
“The monthly median prices have ticked down slightly for the past few
months, but the overall trend continues to show giants year-over-year.”
The statewide median sales price in Florida for existing homes was
$131,200 in October, a 4 percent decrease caused largely by
continued downward pressure from distressed inventory, according to
analysts from the National Association of Realtors, of which Florida
Realtors is a subset. — Alexander
Britell