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Florida’s Existing-Home, Condo Sales Rise Again

Continuing what's been a common trend, Florida's existing-home and condo sales soared in March, ""Florida Realtors"":http://www.floridarealtors.org/ reported Thursday.

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Existing-home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March 2009. That means home sales activity in the Sunshine State has increased in the year-
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to-year comparison for 19 months. In addition, existing-home sales in March increased 37 percent over statewide sales activity in February.

The increase in sales for existing condos was even more impressive. Florida Realtors reported a 63 percent jump in statewide sales of existing condos in March compared to the same month last year. On a month-to-month basis, existing-condo sales surged 40.6 percent.

In total, 17 of Florida's metropolitan statistical areas (MSAs) reported increased existing-home sales in March, and all MSAs had higher condo sales. Florida Realtors said a majority of the state's MSAs have reported increased sales for 21 consecutive months.

Data regarding prices of existing homes and condos was mixed. Florida's median sales price for existing homes last month was $137,000, down 3 percent from a year ago but up 4.3 percent from February. And the statewide existing-condo median sales price in March was $96,000, an 11 percent fall from last year but 5.1 percent higher than February.

About Author: Brittany Dunn

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