Florida’s existing home and existing condo sales continued to show gains in third quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®.
Existing home sales rose 12 percent in the third quarter of 2011 with a total of 46,759 homes sold statewide. Statewide sales of existing condos in the third quarter rose 13 percent compared to the year-ago sales figure.
Florida’s existing-home median sales price continued to stabilize and remained level at $136,000 for the three-month period; in the third quarter of 2010, it was $135,900. The median is a typical market price where half the homes sold for more, half for less.
The statewide existing-condo median sales price was $89,600 in the third quarter; a year earlier, it was $83,700 for a 7 percent increase.
According to Florida Realtors®, their Chief Economist, Dr. John Tuccillo said, “The reality is that the Florida market is improving and it has been for some time – it’s just improving more slowly than initial expectations.”
Mortgage rates continued to hover around historical lows in the third quarter. According to Freddie Mac, the national commitment rate for a 30-year conventional fixed-rate mortgage averaged 4.31 percent in the third quarter of 2011; one year earlier, it averaged 4.45 percent. Read full story here.
Existing home sales rose 12 percent in the third quarter of 2011 with a total of 46,759 homes sold statewide. Statewide sales of existing condos in the third quarter rose 13 percent compared to the year-ago sales figure.
Florida’s existing-home median sales price continued to stabilize and remained level at $136,000 for the three-month period; in the third quarter of 2010, it was $135,900. The median is a typical market price where half the homes sold for more, half for less.
The statewide existing-condo median sales price was $89,600 in the third quarter; a year earlier, it was $83,700 for a 7 percent increase.
According to Florida Realtors®, their Chief Economist, Dr. John Tuccillo said, “The reality is that the Florida market is improving and it has been for some time – it’s just improving more slowly than initial expectations.”
Mortgage rates continued to hover around historical lows in the third quarter. According to Freddie Mac, the national commitment rate for a 30-year conventional fixed-rate mortgage averaged 4.31 percent in the third quarter of 2011; one year earlier, it averaged 4.45 percent. Read full story here.
Source: Florida Realtors®
