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Florida real estate market shows positive trends

The Florida real estate market is showing positive trends, despite national numbers still being stagnant.

The Florida real estate market is showing positive trends, despite national numbers still being stagnant.

According to the latest housing data recently released by Florida Realtors, the Sunshine State reported gains in the housing markets, including the median sales price and a reduced inventory of homes for sale in January.

The national median sales price for existing single-family homes in December 2011 was $165,000, a 2.5 percent decrease from the previous year, according to the National Association of Realtors.

"We're seeing positive signs of a strengthening recovery in Florida's housing market," said Summer Greene, the 2012 Florida Realtors president. “In both the statewide single-family and condo-townhome markets, pending sales are higher and the statewide median sales price rose - up 5.3 percent to $129,000 for single-family homes and up 18.8 percent to $95,000 for condo-townhomes. Improving the availability of affordable financing to qualified buyers and investors would continue to stabilize Florida’s housing market and economy.”

Statewide sales of existing single-family homes totaled 12,044 in January 2012, which was a 5.5 percent decrease from a year ago.

With the Florida housing market showing positive numbers, residents of the state might see more moving trucks traveling around the area, despite consumer confidence in the economy falling in February.