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Condo Median Price and Sales up for June

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scritto da: slc - Visite: 8 - Numero di parole: 263 - Data: 22 Jul 2011 - Ora: 11:26 PM 0 commenti

According to market data provided by the Florida Realtors Association, the month of June saw Florida’s condo sales rise 8 percent from the year before. In June of 2010 7,300 units sold, while this year saw 7,941 sold.  Statewide median sales prices for condos were also on the way up-inching up two percent from last year to $93,900.  Likewise Florida’s metropolitan statistical areas reported increases in nine of their areas for condos and six of them for existing homes sales.

When looking at a year to year comparison of statewide home sales the report showed a 4 percent loss from 2010, and a 2 percent in median price. The statewide median sales price was $138,000 last month down from $141,200. When comparing June to May, statewide median prices were nearly two percent higher.

Short sale properties putting downward pressure on pricing, a struggling job market, and lenders that have tightened lending standards keep our real estate recovery sluggish. Right now even consumers with good credit may find difficulty obtaining a loan. The banks need to start loaning money again to help move this inventory.