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.
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