Florida sales activity continues rise as condo, single-family inventory drop

Sales activity is continuing to increase in the Sunshine State, as pending sales and closed sales keep showing improvement, according to data from Florida Realtors. Pending single-family home sales rose 42 percent in July statewide, while condo and townhome units saw a 26 percent increase in pending sales. “Florida’s real estate recovery is on solid ground,” said Summer Greene, 2012 president of Florida Realtors. Pending sales have increased every month for single-family homes and condos in Florida since May 2011. There were a total of 17,420 closed sales last month, a 9.8 percent jump. — Alexander Britell