"Florida’s housing market had increased pending sales, higher median
prices and a reduced inventory of homes for sale in March, according to
Florida Realtors latest housing data.
“With the continued steep decline of inventory, historically low
interest rates and buyers no longer willing to wait on the sidelines,
Florida’s real estate market continues on its road to recovery,” said
2012 Florida Realtors President Summer Greene, regional manager of
Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale.
“The latest numbers show that pending sales are up almost 30 percent for
single-family homes and almost 20 percent for townhomes and condos.”Pending sales refer to contracts that are signed but not yet
completed or closed; closed sales typically occur 30 to 90 days after
sales contracts are written.
The statewide median sales price for single-family existing homes in
March was $139,000, up 10.3 percent from the year-ago figure. The statewide median for
townhome-condo properties was $105,000, up 20.8 percent over March 2011."