FL Home Sales Increase 22nd Month Year-to-Year, Median Prices Up for Fourth Straight Month

ORLANDO, FL -– Sales of existing homes in Florida rose in June, marking 22 consecutive months that sales activity has increased in the year-to-year comparison, according to the latest housing data released yesterday by the Florida Realtors.  Other highlights of the report include:

1. A total of 18,038 single-family existing homes sold statewide last month compared to 15,732 homes last year (see chart above). 

2. June’s statewide existing home sales increased 7.7% over statewide sales activity in May of 16,748 homes.

3. June's statewide existing-home median price of $143,400 was 2.1% higher than May’s statewide existing-home median price of $140,400, marking the fourth consecutive month that Florida's median home price has increased over the previous month.

MP: This almost seems like there might actually be something resembling a real estate recovery going on in Florida - 22 straight months of sales gains, and four consecutive months of increasing median home prices?