Florida Resales Record Month-to-Month Rise

Sales of existing single-family homes in Florida totaled 9,142 in March, an increase of 10% from the level recorded in February but a 26% decline from that of a year earlier, according to the Florida Association of Realtors. The median sales price of homes sold in March rose to $205,600, up from $198,900 in February but down 15% from $242,800 a year earlier, FAR reported. Among the state's larger markets, resales decreased 56% in the Miami metropolitan statistical area and 28% in the Orlando MSA, while median resale prices fell to $337,900 in Miami, down 12% from $382,600 a year earlier, and to $222,600 in Orlando, down 11% from $250,100 a year earlier.

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