Home Sales Rising in Sunshine State

According to nationalmortgagenews, home sales in Florida are up over ten percent in Feb. compared to Feb. 2012, marking the 14th consecutive month of increasing year-over-year sales. Pending sales are up 27 percent for the same time period, and the median sales price of $150,000 has risen 13 percent from Feb. 2012. Half of the existing single-family home sales and over three-fourths of condo sales were for cash; the average number of days a house was on the market in Feb. 2013 fell 15 percent for single-family homes. MHProNews understands Florida had one of the highest foreclosure rates during the housing meltdown. Many analysts have noted as the sale of traditional homes increase, manufactured housing will follow, and Florida has one of the highest concentrations of manufactured housing in the nation.

(Image credit: mortgageorb)

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