Florida real estate - home sales improve in March compared to February 2008
Sarasota Real Estate News, Florida Real Estate
A total of 9,330 existing single family homes in Florida sold this March, a 12.3% increase over February of 2008 when 8,310 homes sold. Existing condo sales rose almost 16 percent, with 3,207 units sold in March compared with 2,765 condos in February.
The median price for both houses and condos increased slightly in March as well. The median price of an existing single family home in Florida reached $205,100 in March, compared with $198,900 the previous month. The median price of an existing condo rose to $176,300 in March from $175,600 in February.
Comparing to other states
The national median sales price for existing single-family homes in February 2008 was $193,900, down 8.7 percent from a year earlier, according to NAR. In California, the statewide median resales price was $409,240 in February; in Massachusetts, it was $310,000; in Maryland, it was $284,822; and in New York, it was $230,000. In Florida, the median price is $205,100. Not bad when you compare to these other states. Florida is affordable again.
Sarasota-Bradenton real estate markets
The median sales price of existing homes in the Sarasota-Bradenton market fell more than $52,000 in March of 2008 to $239,300, compared to the same month a year earlier.
Realtors in Sarasota-Bradenton sold 709 homes in March, more than in any but three of Florida's 19 other major markets. WOW! I love to hear that statistic. Sarasota is much healthier than many other markets in Florida.
The only other markets to outsell Sarasota-Bradenton was Tampa-St. Petersburg-Clearwater with 1,107, Orlando with 1,312, and Jacksonville with 822
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