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Since last monthai??i??s news that condo sales in Miami were up in January 134% year over year, another nugget of good news was announced today by The Florida Association of Realtors. According to the latest housing data released by the FARai??i??s – Floridaai??i??s existing home and existing condo sales rose again in February. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010. Februaryai??i??s statewide sales of existing condos rose 29 percent compared to the previous yearai??i??s sales figure. Itai??i??s the third month in a row that Florida Realtors has reported higher year-over-year existing home and existing condo sales statewide.

The National Assocation of Realtorai??i??s latest outlook notes that continuing improvements in the economy is a positive sign for the housing sector. ai???The housing market is healing with sales fluctuating at times, depending on the flow of distressed properties coming on the market,ai??? said NAR Chief Economist Lawrence Yun. ai???The broad fundamentals for a housing recovery are developing. Job growth, high housing affordability and rising apartment rent are conducive to bringing more buyers into the market.ai???

In Floridaai??i??s year-to-year comparison for condos, 6,984 units sold statewide last month compared to 5,424 units in February 2010 for an increase of 29 percent.Ai??Ai??

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