Florida market continues to gain momentum
Dennis Norman
By: Dennis Norman
Existing home sales in Florida rose in June, the 10th consecutive month that sales activity showed gains in the year to year comparison for both existing home as well as existing condominium markets. And, for the second month in a row, the statewide median sales prices for existing homes was higher.
According to the 
Florida Association of REALTORS(R), there were 15,850 existing homes sold in June up 28% from June 2008 when there were 12,339 sales. There were 5,241 existing condos sold in June up 39% from June 2008 when there were 3,771 condo sales.
Florida’s median sales price for existing homes in June was $148,000, down 28% from a year ago when it was $205,300 however June’s price was a 2.49% increase over May’s median price.
This report, as well as other recent reports, are consistent with my recent E-View TMwith Bob Radigan, a broker in Florida, about the Florida market in which Bob said he felt there were good opportunities to buy real estate in Florida.
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