New York, January 21 (FinanceEnquiry.com) - The overwhelming trend of improving sales and declining median prices noticed last year in the housing market was evident in the December data released Friday by Florida Realtors. Nearly 550 homes were sold in Brevard, the highest since August, which was fueled by bargain hunters and investors. The median price of $99,700 was the lowest since March mainly because it was lowered by the sales of low-priced foreclosures and short sales.

Even the full-year results for the county showed the same trend. Nearly 6,908 homes were sold, 13 percent more than in 2010 and the highest since 2005. The median price for the full year was $102,200, which was 3 percent lower than in 2010 and the lowest average in atleast 10 years.

Sales of previously-owned homes were down 2 percent statewide, year-over-year with the median sale price remaining unchanged at $134,300. For the year 2011, there was a rise of 8 percent in the statewide existing home sales. The total number of homes sold were 185,921, compared to 172,462 in 2010. Against the statewide existing home median price of $135,900 in 2010, the price in 2011 was $131,700. Economists say that Florida is in a slow real estate recovery and they hope that recovery will last throughout 2012. They say that it is the best time to buy a house.