Existing home sales of Florida property rose in May, according to housing information from the Florida Association of Realtors.

This is the ninth month in a row sales have increased in a year-on-year comparison.

In addition, May is the first time in a few months the sales price of condos and homes have been greater than the previous month.

Sales of houses rose 6.3 per cent and condos 3.8 per cent compared to April.

Dr Sean Snaith, director for the University of Central Florida’s Institute for Economic Competitiveness, said: "What is new in this month’s data release is that we are seeing evidence of prices beginning to firm.

"It is the first green shoot we have seen in some time as far as prices are concerned."

Meanwhile, the Marriot Vacation Club International has announced that three of its timeshare properties have been awarded the Florida Green Lodging Programme Designation environment certificate, reports Timeshares Daily.

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