Florida Home Sales Get Some to Say, “we’re baaaaackkk!”
August 14, 2009 by admin
Filed under Positive Real Estate
Sales of existing single-family homes in Florida rose 23 % in the 2nd qtr. 2009 compared to the same period a year earlier. According to the Florida Association of Realtors (FAR). A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold. It marks the 4th consecutive quarter that Florida has seen higher existing year-to-year home sales, according to FAR.
16 of Florida’s metros areas (MSAs) reported increased sales of existing homes in the second quarter compared to the same three-month-period a year earlier, while 12 MSAs showed gains in condo sales.
Sales of existing condominiums statewide in the second quarter rose 29 % year over year for the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.
“In spite of the challenges with the economy, most people – 83 percent – still believe that buying a home is a good financial decision, according to a recent survey from the National Association of Realtors (NAR),” says 2009 FAR President Cynthia Shelton, CCIM, CRE. “Many homebuyers are realizing that this is the time to buy – with a good selection of housing inventory, affordable pricing and low mortgage rates.
Read more: http://rismedia.com/2009-08-13/floridas-existing-home-condo-sales-rise-in-2q-2009/#ixzz0OBRVjAOW
Florida Home Sales Bumps Up 3rd Month in a Row
Florida Association of Realtors reports that existing home sales in Florida rose for the third month in a row in November. Fort Lauderdale enjoyed a 26 percent increase over the number of homes sold during November of 2007. However, like other States that have experienced sales volume increases, median home sales price fell 34 percent. Fort Lauderdale’s condo sales for November 2008 grew 3 percent from sales in 2007.
