PRICES DOWN - SALES UP!
The latest Florida Association of Realtors (FAR) report confirms that as prices are dropping, buyers are getting back in the game.
Home sales in September up 51 percent from 2007, with values continuing to sink as the median price fell. Home values fell from $233,800 in September 2007 to $182,700 last month.
Statewide, 10,817 existing homes sold last month, up 24 percent from the 8,725 homes sold in September 2007, however Florida’s median existing single-family home price for September was $175,100, a 22 percent decrease from September 2007’s $224,700.
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