Florida Real Estate Sales for Homes and Condos Rise in February 2009

The Florida Association of Realtors reported this week that the sales of existing homes in Florida rose in February, making it the sixth consecutive month of year-over-year increases.  On a month-to-month basis February showed exiting homes sales up more than 15% over January 2009 sales, and condo sales up about 20% over January 2009.  This is very positive news for all businesses associated with the real estate industry in Florida, regardless if many sales are post-foreclosure sales, because every sale reduces inventory and brings the prices closer to fair market value.

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