Sales of existing single-family homes in Florida declined by 8% in September over the year-ago period, but existing condo sales rose 10%, according to housing data from Florida Realtors. The state trade group for real estate professionals said 13,536 single-family existing homes sold in Florida during September, down from 14,781 homes sold in September 2009. Florida’s median existing-home sales price was $133,400, down 6% from $141,700 a year ago. Sales of existing condominiums rose 10% in September, with 5,675 condos sold compared to 5,140 units sold in September 2009. But new condo sales are languishing in South Beach. The tony 24-block neighborhood has an 18-year supply of new condo units, according to a new report from CondoVultures. Ten of Florida’s metropolitan statistical areas reported higher existing condo sales in September, but prices were down significantly. The statewide existing-condo median sales price was $83,400, down 18% from $102,300 last year, but up 2% over August. “Like the rest of the nation, Florida’s housing market is feeling pressure from an uncertain economy,” said Florida Realtors President Wendell Davis, a broker with Watson Realty Corp. in Jacksonville. “Easing foreclosures and increasing job growth would go a long way in stabilizing the market and strengthening the economic recovery.” The National Association of Realtor’s latest industry outlook calls for a gradual improvement in home sales in upcoming months. NAR reported Monday that existing home sales were up 10% nationwide in September compared to September 2009. Write to Kerry Curry.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please