Florida Home Sales Up Again in May

Florida Real EstateMonthly sales of existing single-family homes and condominiums improved again in Florida with total transactions improving by over five percent from April to May and home prices for both single-family homes and condos improved on both a monthly and yearly basis according to the latest data from the Florida Realtors(R).

An estimated total of 28,718 existing homes and condos were sold in the Sunshine State in May. That was 5.2 percent higher than the 27,309 homes sold in April and 6.6 percent higher than the 26,943 homes sold in May 2011.

Existing single-family homes accounted for 18,723 of the total sales in May. That was 6.7 percent higher than the 17,544 homes sold in April and was 7.2 percent higher than the 17,462 homes sold in May 2011.

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