Sarasota home sales up in July

Existing single-family home sales increased by 23% in the Sarasota-Bradenton metro area in July 2011 relative to the same month a year ago. The median sale price increased as well, up 2% to $160,800.

The region saw 880 home sales, compared to 714 in July 2010, according to the latest data from Florida Realtors.

The existing condo market in Cape Coral-Fort Myers also saw an increase in both volume sold and median price. Condos sold increased 14%, to 380 units in July 2011, while the median sale price increased 4% to $124,800.