Buyers Going For Less Expensive Homes
Statistics released by the Florida Association of REALTORS® on June 2009 sales of existing homes and condominiums indicate that sales were up overall statewide while median prices overall were down statewide, with few areas experiencing significantly negative numbers.
Existing home sales in Florida for June 2009 versus June 2008 were up 28% statewide, with median sales prices down 28%. Existing home sales in Fort Myers were up 137%, with median sales prices down 49%, while home sales in Gainesville were down 16% with median sales prices down 13%. Panama City sales of existing homes were up 15% with median prices down 2%.
Existing condo sales in Florida for June 2009 were up 39% statewide compared to June 2008, with median prices down 37% statewide. Orlando showed existing condo sales up 207% with median prices down 59% and Fort Myers showed condo sales up 138% with median prices down 40%. Gainesville continued a negative trend, with condo sales down 52% and median sales prices down 23% compared to June 2008. Existing condo sales in Panama City were down 18% with median sales prices down 31%.
-courtesy of the Goulding Agency, Chipley, Fl.