Florida Condo Sales Up 59 Percent in February

Homes Sales Increase by 21 Percent Statewide

Sunny Isles Beach, Florida 3/24/2010 09:07 PM GMT (TransWorldNews)

Florida’s existing home sales rose in February, which means that sales activity has increased in the year-to-year comparison for the past year and a half (18 months), according to the latest housing data released by Florida Realtors®.

Existing-home sales increased 21 percent last month with a total of 11,890 homes sold statewide compared to 9,867 homes sold in February 2009, according to Florida Realtors. Statewide existing home sales last month increased 13.6 percent over statewide sales activity in January.

Florida Realtors also reported a 59 percent increase in statewide sales of existing condos in February compared to the previous year’s sales figure; statewide existing condo sales last month rose 9.8 percent over the total units sold in January.

“Homebuyers should take advantage of favorable conditions in the current housing market,â€