Florida home sales rose 12% during third quarter

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Sales of existing homes in Florida rose 12 percent for the quarter ending Sept. 30 when compared to the same period a year earlier, the Florida Realtors reported (via The News Service of Florida) Wednesday. Statewide sales of existing condos in the third quarter rose 13 percent compared to the year-ago sales figure. Median home prices stabilized during the quarter, rising nominally to $136,000 for the three-month period; compared to $135,900 in 2010. “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 Florida Realtors Chief Economist Dr. John Tuccillo, in a statement. Mortgage rates remained around historical lows in the third quarter, with Freddie Mac reporting 30-year conventional fixed-rate mortgage averaged 4.31 percent in 3Q 2011; down from 4.45 percent a year earlier.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.