Great news for Florida Condo Sellers
May 27th, 2009
Categories:Market Stats, Sellers
In Florida’s year-to-year comparison for condos, 4,660 units sold statewide vs 3,862 units in April 2008 for a 21% increase.
This represents the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). In fact, April’s sales increase represented both the existing home and existing condominium markets.
Many interpret this as a further signal that the real estate market has bottomed out.
Our personal experience and information gleaned from other realtors bears this out. In the last month, the real estate orange sold 4 condos in one condo building alone, namely the Summit Towers in Hollywood, all within 10% of asking price.
If you have an opinion about the real estate market, and whether now is a good time to buy or sell, please add your comment below. We’d love to hear from you.
