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Florida house, condo sales both rise in December

Monday, January 24, 2011  
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Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida REALTORS®.

A total of 15,550 existing single-family homes sold statewide in December, up 4 percent from the 14,923 homes sold in December 2009. The statewide existing home median sales price last month was $133,100; in December 2009 it was $139,800 for a 5 percent decrease, according to Florida REALTORS®’ data. However, December’s statewide existing home median price was higher than the $132,700 reported in November 2010.

In December, 12 of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales, and 14 MSAs reported higher existing condos sales.

In the year-to-year comparison for statewide existing condo sales, a total of 6,673 units changed hands last month, up 12 percent from the 5,955 condos sold in December 2009. The statewide existing condo median sales price in December was $88,100; in December 2009 it was $106,700 for a 17 percent decrease.

Looking back on 2010, Florida’s existing home sales rose 5 percent for the year, with a total of 170,848 homes sold compared to 162,873 homes sold in 2009. Statewide existing home sales activity in 2010 also was 37.5 percent higher than 2008 statewide sales, records show.

The statewide existing home median price for 2010 was $136,500; it was $142,500 in 2009 for a 4 percent decrease. In Florida’s condo market, a total of 72,050 units sold statewide in 2010, a gain of 29 percent compared to 55,900 units sold in 2009. Statewide existing condo sales activity in 2010 was up 90.6 percent over the 2008 sales level, records show. The statewide existing condo median price in 2010 was $91,300; it was $108,000 in 2009 for a 15 percent decrease.


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