Realtors: Homes sales up 17.4% across Florida

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Statewide single-family home sales are up 17.4 percent from a year ago, Florida Realtors reported Wednesday.

The statewide sales mark was trumped in some markets. Single-family home sales jumped 32 percent in Jacksonville in the comparison of April 2013 to April 2012 numbers, 24.5 percent in the Tampa-St. Petersburg region, 46 percent in Tallahassee and 35.5 percent in Okaloosa County. Sales increases were less pronounced in the southern half of the state, where median sales prices are higher than the $165,000 statewide level. In the Miami-Fort Lauderdale market, with a median price of home sales at $250,000, the market recorded a 13 percent increase in single-family home sales. Naples, with a median sales price of $350,000, reported a 6 percent increase in single-family home sales.

Statewide, there were 20,662 single-family home sales in April. Over the same time, the state has seen its supply of single-family homes drop 33 percent. Florida Realtors chief economist John Tuccillo credited the sales increases to a stabilization of the distressed property market with the number of short sales dropping, while foreclosures and real estate owned property sales remained steady. “Because the government is selling foreclosed properties in bulk and also using online auctions, our sales numbers actually understate the vigor of the market,” Tuccillo said in a Realtors’ news release.

Florida’s median single-family sales price continues to be below the national mark of $185,100.

Via the News Service of Florida.

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.