real estate market showing signs of rebounding

Florida's residential real estate market is showing the first signs of rebounding from a downturn that has extended for more than a year. And in Tallahassee the story is sales records show much the same.


The Florida Association of Realtors (FAR) is reporting statewide sales of single-family existing homes rose more than 38 percent in the April, May and June compared with January, February and March, and sales prices stayed essentially the same with a slight average increase.

Sales of single-family existing homes in the Tallahassee area, which includes Gadsden, Jefferson, Leon and Wakulla counties, rose 73 percent in the second quarter compared with January, February and March, according to Greg Lane, data chairman for the Tallahassee Board of Realtors (TBR).