“I suspect that we are coming to the end of the housing downturn, as applications for new mortgages, the most important series, have flattened out. I think that the worse of this may well be over.” - Alan Greenspan, October 1, 2006

Wednesday, December 17, 2008

Florida’s Existing Home, Condo Sales Rise in October 2008

For the second month in a row, Florida’s existing home sales rose in October, with Florida Realtors reporting a 15% increase in activity in the year-to-year comparison; last month’s sales of existing condos statewide increased 5% in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors. 

A total of 10,443 existing homes sold statewide last month. Florida’s median sales price for existing homes last month was $169,700; a year ago, it was $222,200 for a 24% decrease.

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