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 
Florida 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.
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