Florida property sales continued to rise in March, new figures have indicated.

Data produced by the Florida Association of Realtors for the month has shown that transactions involving existing homes were up on a year-on-year basis for the seventh successive month.

During the month 13,085 such homes were traded, up 30 per cent from the March 2008 total of 10,080.

The total also represented a 32.7 per cent increase in the number of sales in February 2009.

Average prices have fallen in the past year, with existing residences now trading for $141,300, compared with $201,700 a year ago.

Those wishing to join the influx of buyers may therefore find more bargains available in the Florida property market.

Florida has also been offering many foreclosed properties for sale, with figures from research firm RealtyTrac showing that it was one of the four states with the highest rate of filings in metropolitan areas in the first quarter of this year.

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