Florida’s existing home, condo sales rise in January 2009
Florida’s existing home sales rose in January, making it the fifth month
in a row that sales activity showed increases in the year-to-year comparison,
according to the latest housing data released by the Florida Association of Realtors® (FAR).
Existing home sales rose 24 percent last month with a total of 8,450 homes
sold statewide compared to 6,810 homes sold in January 2008, according to
FAR.
“Many people are looking at today’s market and seeing opportunities to find
the home they’ve always wanted,” said 2009 FAR President Cynthia Shelton.
“With a range of available housing options, historically low mortgage
interest rates and affordable prices, buyers who may have been hesitant
before should take a closer look at the current opportunities for
home ownership.”
Florida Realtors also reported a 13 percent gain in statewide sales of
existing condominiums in January, making it the fourth recent month
(following September, October and December) that statewide existing home and
existing condo sales were higher compared to year-ago levels.
NAR’s latest housing outlook shows that home prices continue to fall, but
also notes a trend of increasing sales activity in the Florida market. “It appears some buyers are taking advantage of
much lower home prices,” said NAR Chief Economist Lawrence Yun.
Posted: 25 February 2009
Source: Florida Association of Realtors
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