Sizzle is back in Florida's housing market

7:45 PM, Dec 27, 2012   |    comments
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Tallahassee, Florida - It's been years since you could describe Florida's housing market as hot, but now the sizzle is back, according to the group Florida Realtors.

Home sales and prices are up in the latest report from Florida Realtors. The number of home closings jumped nearly 25 percent in November.

The figure is even higher for pending sales - up 45 percent from the previous year. Those are homes that have a signed contract but have not closed yet.

And home prices across Florida are up 11 percent from a year ago. The median price is now $150,000.

Vani Ungapen of Florida Realtors says you can expect the housing market to continue its rebound in 2013.

"Consumer confidence is going to go up, it's slowly going up. And we're hoping the job market will be better in 2013 so more people will be buying homes. We feel 2013 is going to be a really sizzling market for the home sales."

Condo and townhome sales are also posting big increases. Those sales jumped 18 percent in November.

The median price for condo-townhome properties climbs to $112,000 - up 23 percent from a year ago.

Dave Heller

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