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Florida Home Prices Improved in January

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Florida Real EstateHome prices statewide rose 5 percent in January, the Florida Realtors said Wednesday. The median price for existing homes across Florida last month was $129,000, compared with $122,500 a year ago.

Although sales declined statewide, pending deals have increased in every month since May and the number of homes for sale statewide has fallen by 34 percent from a year earlier, according to Florida Realtors.

“We’re seeing positive signs of a strengthening recovery in Florida’s housing market,” Summer Greene, president of Florida Realtors, said in a statement. Greene also is a real estate manager in Fort Lauderdale.

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Full Story from the Sun Sentinel

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