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News & Information: Real Estate News

State sales continue upward march with 13 percent increase

Monday, March 28, 2011  
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Florida’s existing home and existing condo sales rose in February, according to the latest housing data released by Florida REALTORS®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida REALTORS®. February’s statewide sales of existing condos rose 29 percent compared to the previous year’s sales figure.

Seventeenof Florida’s metropolitan statistical areas reported increased existing home sales in February; 18 MSAs had higher condo sales. It’s the third month in a row that Florida REALTORS® has reported higher year-over-year existing home and existing condo sales statewide.

Florida’s median sales price for existing homes last month was $121,900; a year ago, it was $124,500 for a 2 percent decrease.

In Florida’s year-to-year comparison for condos, 6,984 units sold statewide last month compared to 5,424 units in February 2010 for an increase of 29 percent. The statewide existing condo median sales price last month was $77,300; in February 2010 it was $90,400 for a 14 percent decrease.


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