U.S. home sales hit 5 year high in 2012

The National Association of Realtors is reporting that 2012 saw the largest increase in existing home sales in 5 years. In Florida, the year over year increase in December was +16%.The median price in Florida increased to $154,000, a +14.1% increase over 2011. Total sales rose to 4.65 million homes, +9.2% higher than 2011, the most since 2007. Slowing down the housing recovery in the lack of inventory. There were 1.82 million homes listed in December, the lowest in 12 years.