Realtors continue looking at the sunny side of the sales slump that has hit the nation, state and local area. “We are adjusting to a stabilizing market,” said Todd Hague, president-elect of the West Volusia Association of Realtors. “I have spoken to several broker-owners and they are seeing an upturn, with more pending sales this past month than they have seen in the last few months.” Still, sales of existing single-family homes in Volusia and Flagler counties were down last month, compared to last year, according to figures released Friday by the Florida Association of Realtors.

Statewide, sales of single-family existing homes totaled 10,779 in February, down 23 percent form 14,080 in February 2006. The statewide median price last month was $235,500, down 3 percent from $242,500 in February 2006, the association said. Real estate experts say the outlook for the housing market has brightened.

“Underlying trends point to a housing recovery in 2007, but it will take a couple of months for us to get a better handle on it,” said David Lereah, chief economist for the National Association of Realtors. The National Association of Realtors reported Friday existing home sales climbed 3.9 percent last month, pushed higher by a milder-than-normal winter that boosted sales in areas of the country such as the Northeast.

It was the biggest one-month gain since March 2004 and left sales at an annual rate of 6.69 million units, a pace that was still 3.6 percent below a year ago. Even with the improvement in sales, the median price of a home kept falling, dropping to $212,800 in February, down 1.3 percent from a year earlier. It marked a record seventh straight decline in prices compared to the same month a year earlier.

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