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Florida's home market shows further improvement
By RICHARD MULLINS
Tampa Tribune
Published: May 20, 2011

The Florida housing market continues to show small signs of life, according to April sales data, while the Tampa Bay market remains mixed.

Sales of existing homes in Florida increased 2 percent last month with a total of 17,192 homes sold statewide, compared with 16,781 homes sold in April 2010, according to Florida Realtors. Statewide sales of existing condos last month rose 17 percent compared with a year ago.

Florida's median sales price for existing homes last month was $131,700, compared with $140,300 a year ago, the result of continued foreclosure sales. At the same time, April's statewide existing-home median price was 4.3 percent higher than in March.

In the Tampa, St. Petersburg, Clearwater area, single-family, existing-home sales fell 5 percent and the median sales price fell 11 percent to $121,400.

Year to date, the figures looked better, with sales up 10 percent, and the median sales price down 6 percent to $125,700. The volume of sales of Tampa Bay-area condos grew 4 percent, and the price fell 28 percent to $102,700. The year-to-date price drop was 13 percent.

"Existing-home sales have risen in six of the past eight months, so we're clearly on a recovery path," said National Association of Realtors Chief Economist Lawrence Yun. "With rising jobs and excellent affordability conditions, we project moderate improvements into 2012, but not every month will show a gain - primarily because some buyers are finding it too difficult to obtain a mortgage."



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