Florida’s existing home sales in July could indicate stabilization
Single-family existing home sales rose in
Florida for the first time in more than two years: While only six more homes
sold in July 2008 than in July 2007, it could indicate stabilization in
Florida’s housing sector, according to the latest housing statistics
released by the Florida Association of Realtors® (FAR).
A total of 11,498 existing homes sold statewide last month while 11,492
homes sold in July 2007, maintaining the same level of sales activity in the
year-to-year comparison, according to FAR. The last time statewide sales of
existing homes outpaced the previous year’s sales figure was in the year-end
2005 report, according to FAR records, when sales were up 2 percent over
year-end 2004.
More than half of Florida’s metropolitan statistical areas (MSAs) reported
increased sales of existing homes in July; seven MSAs also showed gains in
condo sales. Realtors around the state reported increased business activity,
including more telephone calls, more home showings and a rise in pending
sales.
Posted: 25 August 2008
Source: Florida Association of Realtors
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