© 2024 All Rights reserved WUSF
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Vacation Home Sales Up 10 Percent, "Tight" Inventory

Florida Realtors Association

There's been a 10 percent increase in vacation home sales in 2012 from the year before. That's the word from an annual survey by the national association of realtors.

The survey on Investment and Vacation Home Buyers says the median price of a vacation home last year was $150,000. That number was about $30,000 less in 2011.

Spokeswoman for the Florida Realtor's Association Marla Martin said Florida is a hot spot for vacation homes and that means inventory is "tight."

"Some prices are rising and inventory is shrinking particularly here in Florida and other states that folks like to retire to," she said.

Martin also says a majority of investors are paying cash. Many first time buyers who may not be able to pay with cash aren't able to compete.

You Count on Us, We Count on You: Donate to WUSF to support free, accessible journalism for yourself and the community.