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Home Sales Slow in Florida
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Home Sales Slow in Florida
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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Home Sales Slow in Florida
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October 29, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums slowed as expected in Florida during September according to the latest data from the Florida Realtors® while home prices between single-family homes and condominiums were mixed.

An estimated total of 22,972 existing single-family homes and condos were sold in the Sunshine State in September. That was 16.3 percent lower than the 27,436 homes sold in August and 88 sales higher than the 22,884 homes sold in September 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 3.0 percent lower than last month.

Existing single-family homes accounted for 15,643 of the total sales in September. That was 16.2 percent lower than the 18,669 homes sold in August and 2.0 percent higher than the 15,338 homes sold in September 2011.

The median sales price for an existing single-family home in Florida fell 1.4 percent to $145,000 from $147,000 in August but was still 7.4 percent higher than the median price of $135,000 in September of 2011.

The inventory of single-family homes for sale remained virtually unchanged from the previous month falling from 99,677 in August to 99,534 in September but was still drastically lower than at the same time last year when there were 145,314 single-family homes on the market, a decline of 31.5 percent.

There was a 5.2 months supply of homes available for sale, down from a 5.3 months supply the previous month, and down from an 8.7 months supply in September of last year. On average, a single-family home in Florida took 59 days to sell in September, down from 60 days in August and down from 72 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The onward march of Florida’s housing market continues. Inventories have now tilted to the point where we truly have a sellers’ market forming. Prices are up smartly and have been for quite a while. It’s getting to the point where Florida is the place to buy, but it may soon move out of reach for many households.”

Condominium sales accounted for 7,329 of the total sales in September, down 16.4 percent from 8,767 sales in August and 2.9 percent lower than the 7,546 units sold in September of 2011.

The median sales price for a condo in September was $105,736, which was 2.7 percent higher than the $102,980 median sales price in August and was 18.8 percent higher than the $89,000 median sales price for a condo in September of last year.

The number of condominiums and townhomes for sale was also significantly lower than last year with 50,070 units on the market compared to 77,642 in September of last year, a decline of 35.5 percent. In August there were 50,588 condos and townhomes listed for sale.

There was a 5.2 month’s supply of units on the market compared to a 5.3 months supply in August. A year ago there was an 8.5 months supply of condos and townhomes.

On average, condo’s in Florida took 61 days to sell in September, down from 62 days in August and down from 73 days in September of last year.

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

Source:
Florida Realtors®

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October 29, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums slowed as expected in Florida during September according to the latest data from the Florida Realtors® while home prices between single-family homes and condominiums were mixed.

An estimated total of 22,972 existing single-family homes and condos were sold in the Sunshine State in September. That was 16.3 percent lower than the 27,436 homes sold in August and 88 sales higher than the 22,884 homes sold in September 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 3.0 percent lower than last month.

Existing single-family homes accounted for 15,643 of the total sales in September. That was 16.2 percent lower than the 18,669 homes sold in August and 2.0 percent higher than the 15,338 homes sold in September 2011.

The median sales price for an existing single-family home in Florida fell 1.4 percent to $145,000 from $147,000 in August but was still 7.4 percent higher than the median price of $135,000 in September of 2011.

The inventory of single-family homes for sale remained virtually unchanged from the previous month falling from 99,677 in August to 99,534 in September but was still drastically lower than at the same time last year when there were 145,314 single-family homes on the market, a decline of 31.5 percent.

There was a 5.2 months supply of homes available for sale, down from a 5.3 months supply the previous month, and down from an 8.7 months supply in September of last year. On average, a single-family home in Florida took 59 days to sell in September, down from 60 days in August and down from 72 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The onward march of Florida’s housing market continues. Inventories have now tilted to the point where we truly have a sellers’ market forming. Prices are up smartly and have been for quite a while. It’s getting to the point where Florida is the place to buy, but it may soon move out of reach for many households.”

Condominium sales accounted for 7,329 of the total sales in September, down 16.4 percent from 8,767 sales in August and 2.9 percent lower than the 7,546 units sold in September of 2011.

The median sales price for a condo in September was $105,736, which was 2.7 percent higher than the $102,980 median sales price in August and was 18.8 percent higher than the $89,000 median sales price for a condo in September of last year.

The number of condominiums and townhomes for sale was also significantly lower than last year with 50,070 units on the market compared to 77,642 in September of last year, a decline of 35.5 percent. In August there were 50,588 condos and townhomes listed for sale.

There was a 5.2 month’s supply of units on the market compared to a 5.3 months supply in August. A year ago there was an 8.5 months supply of condos and townhomes.

On average, condo’s in Florida took 61 days to sell in September, down from 62 days in August and down from 73 days in September of last year.

Tags: florida real estate, 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.

October 29, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums slowed as expected in Florida during September according to the latest data from the Florida Realtors® while home prices between single-family homes and condominiums were mixed.

An estimated total of 22,972 existing single-family homes and condos were sold in the Sunshine State in September. That was 16.3 percent lower than the 27,436 homes sold in August and 88 sales higher than the 22,884 homes sold in September 2011.

Sales for the month were expected to be lower because September only had 19 business days compared to a normal month that typically has 21 or 22 business days. However, on a daily basis, homes sales were still 3.0 percent lower than last month.

Existing single-family homes accounted for 15,643 of the total sales in September. That was 16.2 percent lower than the 18,669 homes sold in August and 2.0 percent higher than the 15,338 homes sold in September 2011.

The median sales price for an existing single-family home in Florida fell 1.4 percent to $145,000 from $147,000 in August but was still 7.4 percent higher than the median price of $135,000 in September of 2011.

The inventory of single-family homes for sale remained virtually unchanged from the previous month falling from 99,677 in August to 99,534 in September but was still drastically lower than at the same time last year when there were 145,314 single-family homes on the market, a decline of 31.5 percent.

There was a 5.2 months supply of homes available for sale, down from a 5.3 months supply the previous month, and down from an 8.7 months supply in September of last year. On average, a single-family home in Florida took 59 days to sell in September, down from 60 days in August and down from 72 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The onward march of Florida’s housing market continues. Inventories have now tilted to the point where we truly have a sellers’ market forming. Prices are up smartly and have been for quite a while. It’s getting to the point where Florida is the place to buy, but it may soon move out of reach for many households.”

Condominium sales accounted for 7,329 of the total sales in September, down 16.4 percent from 8,767 sales in August and 2.9 percent lower than the 7,546 units sold in September of 2011.

The median sales price for a condo in September was $105,736, which was 2.7 percent higher than the $102,980 median sales price in August and was 18.8 percent higher than the $89,000 median sales price for a condo in September of last year.

The number of condominiums and townhomes for sale was also significantly lower than last year with 50,070 units on the market compared to 77,642 in September of last year, a decline of 35.5 percent. In August there were 50,588 condos and townhomes listed for sale.

There was a 5.2 month’s supply of units on the market compared to a 5.3 months supply in August. A year ago there was an 8.5 months supply of condos and townhomes.

On average, condo’s in Florida took 61 days to sell in September, down from 62 days in August and down from 73 days in September of last year.

Tags: florida real estate, 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.