According to the Florida Assn. of Realtors, Florida's housing market last year followed the nationwide trend. 4% fewer homes sold in 2008 than in 2007. The median sales price for resales in 2008 was $187,800, compared to $234,300 in 2007, a 30% decrease.
Cynthia Shelton, FAR President, said, "Research shows that the typical Florida homeowner intends to hold their property for 10 years." Since the median price in 1998 was $104,700 - real estate is still the best investment in the long term.
From the RealEstate Channel, comes these statistics: "Five of Florida's metropolitan statistical areas (MSAs) reported increased existing-home sales for year-end 2008; at the same time, four MSAs showed gains in existing-condo sales. December marked the sixth consecutive month that a number of Florida markets noted higher sales activity."
Read the full article on RealEstateChannel.com.
Our sales area in Daytona and Ormond Beach is typical of the state. We have great buyer deals for 1st time buyers and investors. Contact me to discuss the opportunities.
Sherry Armstrong, REALTOR
www.sherryarmstrong.com
sherry@sherryarmstrong.com
386-679-3191
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