The existing home sales in Florida showed an incline of 24% during the month of March in an annual comparison, according to Florida Realtors (once known as Florida Association of Realtors or FAR).  The median sales price for existing homes was $137,000 in March, only 3% lower than last year at this time.  Economists believe that it is the high amount of distressed property sales that is bringing down the median sales price, as distressed properties tend to sell at a discount price.  Once the amount of foreclosures begins to decline, the sales price on existing homes will likely increase.

The average interest rate on a 30 year fixed rate mortgage was 4.97% last month, which shows a slight decline when compared to the interest rates in March of 2009, according to mortgage giant, Freddie Mac. Interest rates are collected by Freddie Mac from lenders across that nation, as they are closely tied in with treasury yields the rates can fluctuate significantly even on a daily basis.

Don't let the sun set on your Florida Dream Home, the market appears to be strengthening, along with the economy.  The time to buy is now!