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

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.

 

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