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February 8th, 2010 - 2009 Florida Sales February 8, 2010
At the end of 2009, Florida’s existing home and condo sales were higher than a year earlier. Existing home sales rose 31 percent at year’s end, compared to year end 2008. Existing home sales activity at the end of 2009 also was 25.6 higher than the 2007 statewide sales level. Statewide sales of existing condos increased 47 percent at year end 2009 compared to year end 2008’s sales figure; it was 33.7 percent higher than the year end 2007 statewide existing condo sales.
Florida’s median sales price for existing homes at year end 2009 was $142,600; a year earlier it was $187,700 for a 24 percent decrease.
In Florida’s year-to-year comparison for condos increased 47 percent in year end 2009. The statewide existing condo median sales price at year’s end was $108,000; a year earlier, it was $164,200 for a 34 percent decrease.
NAR’s latest industry outlook predicts the housing recovery to gain momentum in the second half of 2010. It will be at least spring before we see notable gains in sales activity as homebuyers respond to the recently extended and expanded tax credit.
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