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Existing Home and Condo Sales Up in Florida

Posted: October 05, 2009

In a recent survey conducted by Florida Realtors, statistics showed good news. Sales for condos and existing homes went up in August, and are expected to continue. The rise of these sales in August means that real estate has been on the rise for a full calendar year.

Here are some other details and facts of the study (courtesy of Florida Realtors):

* Existing home sales went up 28% in August, with a total of 13,850 homes sold statewide (an increase of over 3,000 homes since last year)

* Sales of existing condos went up 45%, with a total of 4,674 units sold (compared to 3,222 units last year)

* Interest rates on a 30-year fixed mortgage dropped down a full percentage point (and then some) down to 5.19 in August (courtesy of Freddie Mac)

* Sixteen of Florida's metropolitan statistical areas (MSA's) reported an increase in existing home sales, while 18 MSA's showed growth in the existing condo sales market

With these good numbers, economists and realtors alike are hoping and expecting an even better upturn.

As always, please feel free to contact me at 239-357-9558 with any of your Real Estate needs or questions....take care until next time!  Jay  

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Downing-Frye Realty, Inc. Realtors are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program.