Florida saw an increase in home sales during the month of December, mirroring a national trend. Low prices and foreclosures help to spur the sales increase in some areas, though the state has seen year over year increases in existing home sales for the past four months.
Existing home sales in Florida for December, 2008 rose 27 percent with a total of 11,053 homes sold statewide compared to 8,712 homes sold in the same month of 2007. That’s also an increase of 28.9 percent from November. In another positive sign, sales of existing condominiums rose in December 12 percent over 2007 and 37.7 percent over November.
The median sales price for existing homes in the state during December was $155,500, while in 2007 it was $213,600. The statewide median condo price was $130,600, while a year earlier it was $192,600.
