Florida home sales increase 2%

Florida’s existing home sales grew 2% in April from a year ago as mortgage interest rates remain near historical lows, making it an opportune time for buyers with good credit to jump off the sidelines, Florida Realtors said Thursday. In April, the agency noted 17,192 existing home sales in the Sunshine State, compared to 16,781 sales a year earlier. Meanwhile, existing condo sales experienced a 17% jump. Twelve Florida metro areas saw higher existing home sales in April, while 14 reported higher condominium sales. “Market conditions remain optimal for qualified buyers with strong credit,” said Florida Realtors President Patricia Fitzgerald. “Mortgage interest rates are under 5%, a range of housing options is available at very affordable prices, and the economic recovery continues to strengthen. Realtors across the state are reporting increased interest from buyers ready to find their Florida dream home.” Buyers also are finding deals, with Florida’s median sales price hitting $131,700 in April, down 6% from $140,300 last year. Write to: Kerri Panchuk.