November home sales up double digits from 2010

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Continued low interest rates and a more confident consumer drove existing home sales up in November by 11 percent over last year, according to figures released Wednesday by Florida Realtors via Michael Peltier of the News Service of Florida.

Meanwhile, the median price for an existing home remained relatively flat, a continuation of a trend that Realtors say is a good sign that better days are ahead for an industry that could use a little good news.

“In recent weeks, we’ve seen encouraging reports of jobs growth and improvements in Florida’s economy,” said 2011 Florida Realtors President Patricia Fitzgerald. “Mortgage rates have remained at record lows and home prices appear to be stabilizing in many local markets across the state

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.