Florida’s existing home sales rose in October, marking 14 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. October’s statewide sales also increased over sales activity in September in both the existing home and existing condominium markets.
Existing home sales rose 45 percent with 15,160 homes sold statewide compared to 10,444 homes sold in October 2008, and condos sales were up 82 percent with 5,398 units sold compared to 2,958.
The Jacksonville market reflected the gains: 1,116 homes were sold compared to 714, and 109 condos were sold compared to 54.
Florida Realtors also reported an 82 percent increase in statewide sales of existing condos in October compared to the previous year’s sales figure; statewide existing condo sales rose 6.1 percent over the total units sold in September.
All of Florida’s metropolitan statistical areas reported increased existing home sales and higher condo sales in October. A majority of the state’s MSAs have reported increased sales for 16 consecutive months.
Florida’s median sales price for existing homes last month was $140,300; a year ago, it was $169,700 for a 17 percent decrease.
In Florida’s year-to-year comparison for condos, 5,398 units sold statewide compared to 2,958 units in October 2008 for an 82 percent increase. The statewide existing condo median sales price was $105,200; in October 2008 it was $147,900 for a 29 percent decrease.
