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Florida home and condo sales rise for 8th month in a row

By Dennis Norman,on May 27th,2009
Dennis Norman

Dennis Norman

By:Dennis Norman

Existing home sales in Florida rose in April by 18 percent over a year ago and were up slightly from March.

Condo sales in Florida were up 21% in April from a year ago and up over 6% from March.

This increased activity is,at least in part,a result of significantly lower prices…the median price for existing homes in April,according to the aFlorida Association of REALTORS(R),was $138,500, down 31% from a year ago when the median home price was $199,500.  Due to the large number of  foreclosures,the median price has been skewed artificially low,but still,prices are down.

 This report is consistent with my recent  E-View TM  with Bob Radigan,a broker in Florida,about the Florida market in which Bob indicated there were good opportunities to buy real estate in Florida.

Related posts:

  1. Florida’s Existing Home &Condo Sales Continue to Rise
  2. Florida’s Existing Home,Condo Sales Up in November 2009
  3. Florida home and condo markets heat up
  4. Florida Condo Sales Up 67 Percent In First Quarter;Prices Drop 13 Percent
  5. Existing Home Sales Rise for 2nd Consecutive Month

May 27th,2009 | Tags:,,, | Category:Florida,Real Estate Market

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