MIAMI—Closed sales. Pending sales. Median prices. Average prices. All metrics rose in Florida's housing market in November. At the same time, inventory of homes and condos for sale shrunk. So say the latest housing data released by Florida Realtors.

“The sizzle is back,” says Summer Greene, 2012 Florida Realtors president, describing the state of Florida's real estate market. “With home sales strongly trending up and the supply of homes for sale drying up, the market is hot. And we expect these trends to continue into 2013 with the jobs market improving, low mortgage rates continuing and consumer confidence getting stronger.”

Statewide closed sales of existing single-family homes totaled 17,072 in November, up 24.4% compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. Closed sales typically occur 30 to 90 days after sales contracts are written.