U-Pack is the quick, convenient
way to move long distance.

U-Pack Long Distance Moving

Get a free moving quote!

It's fast & easy - no obligations

Home sales on the rise in Florida

Third quarter reports show home sales are on the rise in Florida.

Third quarter reports show home sales are on the rise in Florida.

Recently released numbers showed people have been moving to Florida to take advantage of the state's housing market. Third quarter reports from the Florida Realtors organization revealed that sales for condos and existing homes were on the rise.

Florida showed gains in the third quarter when compared to the numbers from the same time last year, with existing home sales rising 12 percent from 2010 after 46,759 homes were sold.

"The quarterly numbers confirm the general improvement in Florida's housing market in both sales and prices that we've been seeing since January 2011," said Dr. John Tuccillo, chief economist of the Florida Realtors. "However, this positive trend isn't receiving the attention it's due because of the interaction of people's expectations, perceptions and reality."

Tuccillo added that people expect the real estate market to take a huge jump forward after a recession, which the market has not yet, and contended Florida is making improvements more slowly than initially expected.

Florida's existing home median sales price has stabilized and remained consistent at $136,000 for the three months the data was recorded.

According to the Miami Realtors Association, Miami is on pace to hit record highs in home sales, with existing home sales rising 46 percent from September 2010.