Florida Home Prices Up 11 Percent
I just received this news today from the Florida Association of Realtors:
"ORLANDO, Fla. -- June 27, 2006 -- With mortgage rates still ticking upwards, Florida's housing sector in May continued to adjust to changing market conditions, including a greater inventory of homes available for sale in many areas. Statewide, the existing-home median price rose 11 percent to $256,400 last month; a year ago, it was $232,000, according to the Florida Association of Realtors® (FAR). A total of 18,680 existing single-family homes sold statewide last month, a decrease of 24 percent from the 24,523 homes sold during the previous May, according to FAR.
"In 2001, the statewide median sales price was $125,200, which is an increase of about 104.7 percent over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less."
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Our area ( Bradenton - Sarasota ) continues to be a highly desirable area. In fact our area has seen a 145 percent home price appreciation over the past 5 years! Amazing.
"ORLANDO, Fla. -- June 27, 2006 -- With mortgage rates still ticking upwards, Florida's housing sector in May continued to adjust to changing market conditions, including a greater inventory of homes available for sale in many areas. Statewide, the existing-home median price rose 11 percent to $256,400 last month; a year ago, it was $232,000, according to the Florida Association of Realtors® (FAR). A total of 18,680 existing single-family homes sold statewide last month, a decrease of 24 percent from the 24,523 homes sold during the previous May, according to FAR.
"In 2001, the statewide median sales price was $125,200, which is an increase of about 104.7 percent over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less."
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Our area ( Bradenton - Sarasota ) continues to be a highly desirable area. In fact our area has seen a 145 percent home price appreciation over the past 5 years! Amazing.
posted by Dan Forbes at
3:38 PM
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