Florida sales market stabilizing as prices, activity increase

Sales activity and median sale price for existing Florida homes and condominiums rose in August, according to a report released today by Florida Realtors.

Statewide, 16,026 homes were sold in August, up 15 percent from a year ago. The median sale price of a Florida home increased 2 percent to $137,500. Nationally, the median sales price for an existing single-family home was $168,400, down 5.4 percent from a year ago, according to a National Association of Realtors report.

There was also a 17 percent year-over-year increase in the number of condos, 7,098, sold in Florida, and the median price was $91,100 -- 12 percent greater than last year's $81,500 average price. Nationally, NAR said the median condo sold for $167,500 in August.

Sales of distressed properties, which are especially prevalent in Florida, are pushing down prices, according to the report.

In Miami, home sale activity gained 49 percent to 951 sales, while the price declined 1 percent to $180,900. Condos in Miami increased 13 percent in median price to $118,800, and activity rose 53 percent.

In Fort Lauderdale, home prices increased 5 percent to $191,8000 while condo prices increased 6 percent to $79,500. Sales activity rose 19 percent for homes and 21 percent for condos in the area. -- Adam Fusfeld

Tags: existing home sales florida realtors nar national association of realtors

Hello Buyers,

I would like to explain to some buyers out there the process of Real Estate. " Please stick with Your Realtor", and the reason I say that is because as Realtors we are like a big family and share each others listings. Another words if you looking to buy a house but decided to call every Realtor in town or every property sign, it is a waste of every body's time.
Not only for the Realtor that has been working hard providing you with a list of properties so you can drive by and see the location, and more.... and in the end that buyer decides to call another agent on a property sign and ask them for information or to show them that home. Well that just happens to often. Please realize we working with Buyers FREE OF CHARGE, but in the end expecting your loyalty to close a deal with you.
Especially in these hard times where gas prices are outraged it is a little obvious we are not showing you homes for the fun of it!!!!
I have to say it happens to me as well as many of my fellow Realtors please realize this is our job not a recreation.
I am very happy for all the buyers I have come across and closed deals with and how happy they are with my services. I just closed another one yesterday a first time home buyer and a single mom, she did appreciate very much my services. As a matter of fact I just got an invitation for tomorrow to come and join the Super ball game with one of my buyer's that we closed a deal with in the past November.
It feels good to provide people with their needs and see them happy with our services.
I look forward to working with you as well!!!

Thank You,
Paula Lopes, E-Pro