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Florida home sales rise 17 percent from June '09
Jul 22, 2010 - Florida home sales continued precolating in June, rising 17
percent compared with a year ago and up 9.7 percent compared with May.
But with foreclosure sales continuing to clog the market, a broader recovery of
housing prices remains elusive.
The median sales price for a Florida home was $141,000 in June, according to
data released Thursday by Florida Realtors. That's up a fraction, about $600,
from the prior month but still down 5 percent from the year-ago median sales
price of $147,700.
The Tampa Bay area held up better than much of the state. The median sales
price slipped just 1 percent compared to a year ago, dropping from $139,400 to
$138,400. A total of 3,226 homes changed hands in the region, up 13 percent
from June 2009.
Nationally, the housing market showed renewed weakness as sales of existing
homes fell 5.1 percent in June compared with May to a seasonally adjusted
annual rate of 5.37 million units, the National Association of Realtors reported.
Sales year-over-year were up 9.8 percent.
One factor cited for the month-to-month drop was the expiration of tax credits
geared toward first-time home buyers.
The median existing single-family home price was $184,200 in June, up 1.3
percent from a year ago. The median sales price for all types of housing was
$183,700 , up 1 percent from last year.
Lawrence Yun, chief economist with the NAR, said sales are expected to keep
falling for the next three to four months, which could drive prices lower.