The Florida Association of Realtors reports that the existing home sales and condo sales rose 28% and 45 % respectively in August 2009 over the same month last year. A majority of Florida’s metropolitan statistical areas reported incresed sales for 14 consecutive months. On the flip side is a, dare I say, reversion to the mean, as existing the median home prices decreased 22% in August 2009 compared to August 2008. The 22% decrease in median prices is distorted by continued sales of distressed and foreclosures.
The national median sales price decline was 14.6% in July 2009 compared to the year earlier period.
Selective state median existing home prices in July 2009 were:
National – $178,300
Massachusetts – $310,000
California – $285,480
Maryland – $273,769
New York – $205,000
Florida – $147,000 (August)
