Sales of existing homes in Florida rose 15 percent in June, marking 22 consecutive months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors.
A total of 18,038 single-family existing homes sold statewide in June compared to 15,732 homes sold in June 2009, according to Florida Realtors.
June’s statewide existing home sales increased 7.7 percent over statewide sales activity in May. Meanwhile, the statewide existing-home median price of $143,400 was 2.1 percent higher than May’s statewide existing-home median price of $140,400. It marks the fourth month in a row that the statewide existing-home median price has increased over the previous month’s median.
Fifteen of Florida’s metropolitan statistical areas reported higher existing home sales in June, while 16 MSAs posted increased existing condo sales. A majority of the state’s MSAs have reported increased sales for 24 consecutive months.
Florida’s median sales price for existing homes was $143,400; a year ago, it was $147,700 for a decrease of 3 percent. The median is the midpoint; half the homes sold for more, half for less.
The national median sales price for existing single-family homes in May 2010 was $179,400, up 2.7 percent from a year earlier, according to the National Association of Realtors.
In Florida’s year-to-year comparison for condos, 6,916 units sold statewide in June compared to 5,215 units in June 2009 for an increase of 33 percent. The statewide existing condo median sales price was $95,000; in June 2009 it was $112,800 for a 16 percent decrease.
The national median existing condo price was $181,300 in May, according to NAR.
