Florida’s existing home, condo sales up in December 2009
Florida’s existing home sales rose in December, marking 16 months that sales
activity has increased in the year-to-year comparison, according to the
latest housing data released by Florida Realtors®.
Existing home sales rose 33 percent last month with a total of 14,630 homes
sold statewide compared to 11,013 homes sold in December 2008, according to
Florida Realtors. Statewide existing condo sales last month rose 22 percent
over the total units sold in November.
Seventeen of Florida’s metropolitan statistical areas (MSAs) reported
increased existing home sales and higher condo sales in December. A majority
of the state’s MSAs have reported increased sales for 18 consecutive months.
According to NAR’s latest outlook, home sales are seeing a boost from the
federal homebuyer tax credit. “There are many more potential buyers who can
enter the market in the months ahead,” said NAR Chief Economist Lawrence
Yun. “Activity should ramp up for another surge in the spring when buyers
take advantage of the expanded tax credit, which hopefully will take us into
a self-sustaining market in the second half of 2010.”
Posted: 25 January 2010
Source: Florida Association of Realtors
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