Florida's Existing Home, Condo Sales Rise in April 2010
ORLANDO, Fla., May 24, 2010 - Sales of existing homes in Florida rose 27 percent in April, which means that sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors®. Another positive sign: Last month's statewide existing-home median price of $140,100 was 1 percent higher than the statewide median price in April 2009.
Existing home sales rose 27 percent last month with a total of 16,781 homes sold statewide compared to 13,244 homes sold in April 2009, according to Florida Realtors. Statewide existing home sales last month increased nearly 3 percent over statewide sales activity in March. Meanwhile, April's statewide existing-home median price was 2.3 percent higher than March's statewide existing-home median price of $137,000. It marks the second month in a row that the statewide existing-home median price has increased over the previous month's median.
"Buyers responding to the federal homebuyer tax credit before it expired helped to boost home sales across Florida," said 2010 Florida Realtors President Wendell Davis, a broker with Watson Realty Corp. in Jacksonville. "And buying conditions remain favorable, with a variety of housing options available in local markets at attractive and affordable prices. Plus, current mortgage interest rates are at historically low levels, which gives buyers more ‘bang' for their buck."
In Sarasota-Bradenton, Existing Single Family Home sales rose from 760 in April 2009 to 1001 in 2010, a gain of 32%. The Median Sales Price rose from $155,900 to $163,600, up 5%.
Condominium sales in the Sarasota-Bradenton Metropolitan Sales Area rose 70% from 239 to 406 units. The Median Sales Price rose 5% from $146,500 to $154,100.
DATA PUBLISHED BY FLORIDA REALTORS(R), FORMERLY FLORIDA ASSOCIATION OF REALTORS, AND UNIVERSITY OF FLORIDA BERGSTROM CENTER FOR REAL ESTATE STUDIES
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