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Lance@tampa2enjoy.com
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Florida Home Sales Report
Published by Lance Mohr | Filed under Market Update
Click on the image to view the video blog. The May 2007 Florida home sales report just came out and it didn’t look very good. The good news is, that with home prices so low it’s a great time to buy a home. As with the stock market, you always want to buy low.
Statewide sales of existing single-family homes in Florida totaled 12,607 in May and were more in line with the activity in May 2002 – prior to the housing boom years – than the May 2006 figures of 19,072 homes sold for a 34% decrease in the year-to-year comparison, according to the Florida Association of Realtors.
Florida’s median sales price for existing homes in May was $237,000; a year ago, it was $250,100 for a 5% decrease. Tampa Bay’s median sales price for existing homes in May was $209,300; a year ago, it was $226,300 for a 8% decrease. Existing Tampa bay home sales are down 42% from a year ago. Tampa Bay’s median sales price for existing condominiums in May was $166,000; a year ago, it was $178,400 for a 7% decrease. Existing sales for condominiums in Tampa Bay are down 26% from a year ago.
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