Florida Home Resales Drop
Sales of existing single family homes in Florida totaled 8,106 in November, a decrease of 30% from the level recorded a year earlier, according to the Florida Association of Realtors.
The median sales price of homes sold in November declined to $215,800, down 10% from $239,800 in November 2006, FAR reported.
Among the state’s larger markets, resales decreased 35% in the Orlando metropolitan statistical area and 59% in the Miami MSA, while median resale prices fell to $239,000 in Orlando, down 9% from $263,600 a year earlier, and to $359,300 in Miami, down 4% from $372,400 a year earlier, the trade group said.
Tags: Foreclosure Market, Home Sales, Housing Market, Mortgage Defaults, Mortgage Delinquencies, Mortgage News, Todays Economy
