Taking a look at last year’s real estate figures and comparing them to this year’s, it is clear that the Florida housing market is on the rise again. In August 2011, there were 1,185 home sales in Broward County, the north of the state – nearly a fifth more than the figure for 2010. Not only is this great news for Florida, it is also promising for America’s housing market in particular and economy in general. In addition, there was a five percent increase in the average price for a home from last year.
It is true that this is good news. Especially given the fact that there are other areas in the state that have also been enjoying this increase in house sales and prices. Yet there are still analysts who are promoting caution, as the real recovery they say will only come later on next year. As president of Florida Realtors Patricia Fitzgerald pointed out, “over the past few months, it appears that home prices have been stabilizing in many local markets across the state.”