The Florida Association of Realtors® reports that existing home sales rose 34% in September from the previous year and a 4.1% increase from the previous month. Florida’s median home price continues to stumble with distressed properties dictating the housing market – Florida’s median sales price for existing homes last month dipped to $142,000 for a 34% decrease from the previous year and 3.66% from the previous month.

The Polk County’s housing market.

596 existing home sold – an increase of 8% from the previous month (551 sold homes) in Polk County – an increase in sales activity of 25% from the previous year. Overall Polk’s median price for existing homes increased by a small margin from the previous month to $102,227; however, dipped 27% from the previous year of $139,900. 

Take a look at the city you live in and see what the numbers are for September 2009 for existing home sales - single family homes, condominiums, manufactured homes -including distressed properties in Polk County.

City                                                        Average Sold Price          Median Sold Price           # of Homes Sold

Let’s take a look at the distressed Polk County real estate market!

Distressed properties, which includes Bank owned, pre-foreclosure, in foreclosure and short sales count for 62% of our total sales in Polk County for the month of September.

• 281 sold homes were Bank Owned – median price $74,200 – Days on Market 31
• 89 sold homes were Short Sales – median price $114,000 – Days on Market 141

The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include “For Sale By Owner”.