Existing Inventory Of Homes Selling
LABELLE, FL. -- Statistics released by the Florida Association of REALTORS® on Third Quarter 2008 sales of existing homes indicate that sales were up overall statewide, with median prices down overall, while sales of existing condominiums were down overall statewide but varied widely according to region.
Existing home sales in Florida for Third Quarter 2008 versus Q3 2007 were up 5% statewide, with median sales prices down 20%, although some areas experienced significant differences. Existing home sales in Fort Myers were up 73%, with median sales prices down 39%, while home sales in Gainesville were down 33% with median sales prices down only 11%.
Existing condo sales in Florida for the Third Quarter 2008 were down 2% statewide compared to Q3 2007, with median prices down 18% statewide. Fort Myers showed existing condo sales up 38% with median prices down 17%, while Tallahassee showed condo sales down 76% with median sales prices up 16% compared to Q3 2007.
-courtesy The Goulding Agency, Chipley, Fl.