The Florida real estate market is coming in for a landing just like I told you a while back......not a crash and burn...

Here are the facts:

• Sales of pre-existing homes in July 2007 were at 11,674 right in line with pre boom years,
  if just a little low.
• In June 2007, the median national sales price for a home was $230,300, which is UP .1
  percent from the previous year. How's THEM apples??
• "Existing-home sales should be relatively stable over the next few months, holding in a
  modest range, with some pent-up demand growing from buyers who've been on the sidelines,"
  says NAR Senior Economist Lawrence Yun. Even though he said that sales could be temporarily affected
  by recent mortgage industry disruptions, Yun added that the "fundamental momentum clearly
  suggests stabilizing price trends in many local markets."

Here are the Florida statewide sales statistics by area....... 

                      Florida Sales Report - July 2007
                       Single-Family, Existing Homes

                                    Realtor Sales         Median Sales Price
    Statewide & Metropolitan         July     July       %          July      July      %
    Statistical Areas (MSAs)          2007     2006   Chge     2007     2006    Chge

    STATEWIDE* (1)                   11,674   15,378  -24   $237,500  $250,400   -5
    STATEWIDE-YEAR-TO-DATE    83,876  117,336  -29   $239,700  $249,600   -4

    Daytona Beach (2)                  529       706      -25   $203,800  $214,400   -5
    Fort Lauderdale                      559        721     -22   $373,700  $380,400   -2
    Fort Myers-Cape Coral             426        694     -39   $246,100  $264,600   -7
    Fort Pierce-Port St. Lucie          371        400       -7   $231,300  $259,000  -11
    Fort Walton Beach                   257        257       -     $228,800  $244,400   -6
    Gainesville                             319        299        7   $199,200   $219,800   -9
    Jacksonville                         1,160     1,492     -22   $198,000   $211,300   -6
    Lakeland-Winter Haven            253       419     -40    $172,600  $178,500   -3
    Melbourne-Titusville-Palm
     Bay                                       458       540     -15    $195,800  $219,500  -11
    Miami                                     505       673     -25    $377,400  $382,200   -1
    Naples-Marco Island* (3)            26        26      -       $540,900  $527,800    2
    Ocala                                      236      525      -55   $166,500  $177,200   -6
    Orlando                                1,484    2,281     -35    $258,000  $266,800   -3
    Panama City                            136       153     -11    $216,000  $229,200   -6
    Pensacola                                427       432       -1   $173,600  $169,200    3
    Punta Gorda                             185       286     -35   $179,600  $226,200  -21
    Sarasota-Bradenton                   711       739      -4   $277,700  $315,400  -12
    Tallahassee                              402       467     -14   $167,600  $172,800   -3
    Tampa-St. Petersburg-
     Clearwater (4)                        2,068    2,871     -28   $215,600  $232,200   -7
    West Palm Beach-Boca Raton      605       714     -15   $372,200  $390,100   -5

    (1) *Statewide figure includes data from the Naples Area Board of Realtors
        and Association of Real Estate Professionals.
    (2) Data from the New Smyrna Beach Board of Realtors is not available.
    (3) *Data is only from the Marco Island Association of Realtors.
    (4) Data from the Hernando County Association of Realtors now included in
        the totals from 2006 and 2007.

• As you can see MOST area sales are down less than 25% compared to last year.
• Most sales prices are down MUCH LESS than 10%.

So, when everybody starts to talk about all the DOOM and GLOOM in the real estate market,
You have the facts now..... TELL THEM!!!

This good factual news about Florida statewide real estate trends is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales leader

Beach and Luxury Real Estate