Sarasota home market recovers

Third-quarter sales of existing single-family homes in Sarasota-Bradenton improved over the year, with 2,563 units sold, a 15% increase from 2010. The median price for sold homes increased as well, up 3% to $157,700.

In Cape Coral-Fort Myers, sales volumes decreased 2%, with 3,349 units sold compared to 3,434 in last year's third quarter. But the median sale price for sold homes went up 17%, from $91,700 to $106,900.

The Tampa-St. Petersburg-Clearwater market saw a 14% increase in home sales, with 7,608 closings in the third quarter. But the median sale price fell 5% to $126,900.