Good news for Florida home buyers as sales are up in 2nd quarter of 2011

Florida’s condo and house prices rose 1 percent in the 2nd quarter of 2011, a double increase compared to the same period last year according the stats from Florida Realtors.

52,451 homes were sold across the state, compared to 51,973 for same period the year before.

Statewide sales of existing condos in the second quarter rose 14 percent compared to the same period a year ago.

Investments

For investment properties, across the state home and condo sales in the second quarter also increased over 1Q 2011’s sales figures, according to Florida Realtors’ records. For 2Q 2011, statewide sales of existing homes rose 17.7 percent over the previous quarter’s activity; statewide existing condo sales increased 8.1 percent over the 1Q 2011 level.