Florida Home & Condo Sales Coninue to Rise in October
FL Assn of Realtors reports that existing home sales rose in October, and for the 14th straight month sales have increased in year-to-year comparison. Statewide results also improved over September of this year, for both condos and single family homes.
Existing single family home sales rose 45 percent last month with a total of 15,160 homes sold statewide compared to 10,444 homes sold in October 2008. Statewide existing home sales last month increased 5.1 percent over statewide sales activity in September.
Florida Realtors also reported an 82 percent increase in statewide sales of existing condos in October compared to the previous year's sales figure; statewide existing condo sales last month rose 6.1 percent over the total units sold in September.
Florida's median sales price for existing homes last month was $140,300; a year ago, it was $169,700 for a 17 percent decrease. The national median sales price for existing single-family homes in September 2009 was $174,900, down 8.1 percent from a year earlier, according to the National Assn of Realtors.
In Florida's year-to-year comparison for condos, 5,398 units sold statewide last month compared to 2,958 units in October 2008 for an 82 percent increase. The statewide existing condo median sales price last month was $105,200; in October 2008 it was $147,900 for a 29 percent decrease. The national median existing condo price was $175,100 in September 2009, according to NAR.