Florida April Real Estate Sales
Sales figures for both single family homes and condos rose in April over last year's numbers. Sales of existing homes in Florida rose 27% in April 2010. Sales activity has increased in the year-to-year comparison for 20 months, according to the latest housing data released by Florida Realtors.
In April, a total of 16,781 homes sold statewide, compared to 13,244 homes sold in April 2009, Statewide, sales increased almost 3% over March, 2010.
Last month’s statewide existing-home median price of $140,100 was 1% higher than the statewide median price in April 2009. April’s statewide existing-home median price was 2.3% 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.
The national median sales price for existing single-family homes in March 2010 was $170,700, up 0.6% from a year earlier, according to the National Association of Realtors® (NAR).
Florida Realtors also reported a 55% increase in statewide sales of existing condos in April compared to the previous year’s sales figure. Statewide existing condo sales last month rose 2% over March sales. Though April’s statewide existing-condo median price of $103,600 was down 3% compared to the year-ago figure, it was 6.9% higher than March’s statewide existing-condo median price.
In Florida’s year-to-year comparison for condos, 7,291 units sold statewide last month compared to 4,703 units in April 2009. The statewide existing condo median sales price last month was $103,600; in April 2009 it was $107,200 for a 3% decrease. The national median existing condo price was $170,600 in March, according to NAR.
According to NAR’s latest outlook, two trends are influencing a broader stabilization of home prices in housing markets across the nation: months of increased sales activity and lower levels of inventory. “Foreclosures have been feeding into the inventory pipeline at a fairly steady pace and are being absorbed manageably,” said NAR Chief Economist Lawrence Yun. “With home values stabilizing, a revival in homebuying confidence will likely help the housing market get back on its feet even as the tax credit impact disappears.”
Contact me now to take advantage of the low prices and rates available in our Daytona real estate market.
Sherry Armstrong, Realtor
396-679-3191
www.sherryarmstrong.com
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