Signs that the Florida property market is becoming more buoyant come from figures released by the National Association of Realtors and Florida Realtors. The figures indicate that December 2010 saw sales of existing homes and condominiums in Florida rise. Industry experts feel that this may help buyer confidence especially from overseas investors.
The encouraging housing market news for Floridawas reflected in a positive trend reported at the close of 2010 as US property sales activity also saw gains over the previous year.
A total of 15,550 existing single-family homes sold state wide in December, up 4 percent from the 14,923 homes sold in December 2009. The statewide existing home median sales price last month was $133,100; in December \'09 it was $139,800 for a 5 percent decrease, according to Florida Realtors\' data. However, December\'s statewide existing home median price was higher than the $132,700 reported in November 2010. The national median existing single-family home price was $171,300 in November, according to the latest data available from the National Association of Realtorsî (NAR). The median is the midpoint; half the homes sold for more, half for less.
Nicholas Marr from international real estate website Homesgofast.com ââ¬Å Overseas buyers have been holding on to their money with uncertainty concerning the Florida housing market. It was hard to judge if prices had actually bottomed out I think this news will help foreign buyers feel more confident about buying Florida real estateââ¬Â
Florida Realtors President Patricia \"Pat\" S. Fitzgerald \"It\'s encouraging to close out the year for Florida\'s housing market with increased sales activity,\" said 2011 manager/broker-associate with Illustrated Properties in Hobe Sound. \"
\"Looking to the future, 2011 is going to be a year of opportunity for buyers and sellers,\" Fitzgerald added. \"Industry analysts report seeing steady economic improvements, including more jobs and stronger consumer confidence, which will have a positive, stabilizing impact on the housing market.\"
The latest industry outlook from NAR offers positive predictions for 2011. \"Continuing gains in home sales are encouraging, and the positive impact of steady job creation will more than trump some negative impact from a modest rise in mortgage interest rates, which remain historically favourable,\" said NAR Chief Economist Lawrence Yun. \"All the indicator trends are pointing to a gradual housing recovery.\"
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Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.