Home sales up, prices follow

It's one thing for more homes to sell in a region when prices come down. But the most recent increase in home sales along Florida's Gulf Coast actually brought with it a small uptick in prices, the latest data show.

More existing single-family homes were sold across the state in June 2010 than in the month before, according to Florida Realtors. At the same time, the median price of those homes sold rose slightly as well, up 2.1%.

At the local level, two Gulf Coast metro areas — Sarasota-Bradenton and Tampa-St. Petersburg-Clearwater — saw similar results. The median price for sold existing single-family homes rose 2.4% and 2.1% respectively in each area, with more homes sold in June than in May.