There was an increase in the number of existing homes and condos (as opposed to new construction) sold in Florida in December 2010 over December 2009. An impressive 15,550 single-family homes sold in December, an increase of 4% from December 2009, which saw 14,923 home sales. The median sales price was $133,100; in December 2009 it was $139,800. However, the median sales price in November 2010 was $132,700, indicating the prices are beginning to stabilize. In December, 12 of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales and 14 MSAs reported higher existing condos sales.
A total of 6,673 condominium sold in December, up 12% from the 5,955 condos sold in December 2009. The statewide existing condo median sales price in December was $88,100; in December 2009 it was $106,700- giving us a 17% decrease in price.
Florida’s existing home sales increased 5% for 2010, with a total of 170,848 homes sold compared to 162,873 homes sold in 2009. The statewide single-family home median price for 2010 fell 4% to $136,500; in 2009 it was $142,500. Statewide existing home sales activity in 2010 also was 37.5% higher than 2008 statewide sales.
Good news!
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