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Phoenix tops list of 10 turnaround markets

Realtor.com stats show Florida markets bouncing back

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Editor's note: Realtor.com's "Top Turnaround Towns" list is compiled using an algorithm that considers year-over-year median price appreciation, drop in year-over-year age of inventory, reduction of inventory levels compared to a year ago and year-over-year changes in unemployment rate. All data, unless otherwise indicated, reflect analysis on a quarterly basis. It's sunny and international in Realtor.com's "Top Turnaround Towns" for the first quarter of 2012. Seven of the top 10 metros on the list are found in Florida. Seven also made the cut in a recent Inman News analysis of public records that identified the top 10 U.S. hot spots for global buyers. Miami, Orlando and Naples -- No. 2, No. 3 and No. 5, respectively, on the Realtor.com turnaround list -- all ranked in the top 10 on the Inman News list of hot markets for global investors. Orlando, despite having lower and fresher inventory than a year ago, might be in the most precarious position of the three, ...