Real Estate Market Boom

Homeowner Diane Winzler spent the last five years waiting for the perfect time to sell her old house on Florida’s gulf coast.

“I was expecting to wait months or maybe even years before it sold,” said Winzler.

The number of people buying houses is increasing and at a rapid pace.

“We’re heading in the right direction and people are moving to the state and so they’re buying our houses,” said Gov. Rick Scott.

The housing crisis is ending much faster than expected. Receipts from the state doc stamp tax have increased 36% from year to year.

A large part of that includes home sales and refinancing current mortgages.

“This is really good for the seller whose seen a pretty tough market for 4 or 5 years,” said John Sebree.

From 2012 to 2013 the number of home sales has increased by 10%, while the amount of time they are on the market has decreased by nearly 2 weeks.

“When Prisc called me 10 days later and said I have a contract I said, Happy Birthday, Merry Christmas.”

For Diane, it took less than two months from listing her house, and three weeks from closing to buying her new house.

“I couldn’t believe it.”

Showing the Florida housing slump is finally coming to an end.

From quarter one of last year, the average time a house was on the market was 72 days, compared to 60 days this year.

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