Sales Up, Prices Still Down
LABELLE, FL. -- Statistics released by the Florida Association of REALTORS® on September sales of existing homes and condominiums indicate that sales were up overall statewide while median prices overall were down statewide.
Existing home sales in Florida for September 2008 versus September 2007 were up 24% statewide, with median sales prices down 22%, although some areas experienced significant differences. Existing home sales in Fort Myers were up 128%, with median sales prices down 39%, while home sales in Gainesville were down 37% with median sales prices down only 8%.
Existing condo sales in Florida for September 2008 were up 11% statewide compared to September 2007, with median prices down 22% statewide. Ocala showed existing condo sales up 67% with median prices down 12%, while Tallahassee showed condo sales down 62% with no change in median sales prices compared to September 2007.
Courtesy: Northwest Florida"s www.TheRealFlorida.com.