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Florida Home Sales Climb in February
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Florida Home Sales Climb in February
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Florida Home Sales Climb in February
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February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

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February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.