This is hot off the press from Florida Association of REALTORS - FAR.
Here is the opening paragraph just sent out by FAR...
ORLANDO, Fla., Oct. 24, 2008 - For the first time in almost three years, Florida's existing home sales rose in September, noting a 24 percent increase in activity in the year-to-year comparison; last month's sales of existing condos statewide increased 11 percent in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR).
The story goes on to note the nationwide numbers just released by the National Association of REALTORS - NAR - are up too and from the NAR report posted on MSNBC NAR says...
The National Association of Realtors said Friday that sales of existing homes rose by 5.5 percent in September compared to August, the best showing since a 5.6 percent increase in July 2003, during the five-year housing boom. It was the first year-over-year sales increase in since November 2005.
The FAR and NAR reports go on to note that the median price of homes have decreased. I think it's part of the supply and demand formula, right? Prices go down, down, and volume begins to increase.
I can attest to these statistics in an anecdotal fashion... since the beginning of September I have worked with more clients daily, weekly, monthly than I have over one year ago. And, these people are buying noted by offers written and contracts accepted for all types of properties - condos and single-family homes, new and resale properties.
How can this be with the doom-and-gloom in the economic sector? With prices now near or at the bottom and the continual decline in traditional instruments, reak estate is looking good.
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