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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX Sales of Tampa condos rise, but home sales fall TAMPA - - Florida Realtors have somewhat good news about condos, but less good news about other existing homes. Sales of existing condominiums in Florida rose 11 percent in November, according to Florida realtors association, with a total of 5,411 condos sold statewide compared to 4,860 units sold in November 2009. The statewide median price of a condo was $88,200 in November, compared to $82,400 in October and $104,500 in November last year. As for existing, single-family homes statewide, the data looked worse: 11,900 sold in November, compared to 13,961 in November 2009, a decrease of 15 percent. Florida's median existing-home sales price in November was $132,700; a year earlier, it was $139,300, a decrease of 5 percent. Home prices in the Tampa Bay area have generally dropped in the past few years, settling to around the level they were in 2003. During that time, the overall trend has hiccupped amid problems with so-called "robo signing" title companies that are charged with forcing paperwork through the foreclosure process without attention to details. Also, federal perks to help with closing costs have periodically given a boost to sales. In the Tampa-St. Petersburg-Clearwater area, the number of single-family existing homes fell 10-percent to 2,060 in November, and the price fell 10 percent to $125,000. Nationally, existing home sales are picking up, somewhat. "The housing market is experiencing an uneven recovery," said National Association of Realtors Economist Lawrence Yun said in a statement. "Still, sales activity is clearly off the bottom and is attempting to settle into normal sustainable levels. Based on current and improving job market conditions, and from attractive affordability conditions, sales should steadily improve to healthier levels of above 5 million by spring of next year." Nationally, sales of previously owned homes edged up in November, the third increase in four months after a dismal summer for home-buying. The National Association of Realtors says people bought previously owned homes at a seasonally adjusted annual rate of 4.68 million units last month, a gain of 5.6 percent from October. The increases follow the worst summer for home sales in more than a decade. Even with the gains, sales were about 10 percent below the 5.2 million sales pace that analysts consider a healthy pace for housing. The national median price for a home sold in November was $170,600. The national median sales price for existing single-family homes in October was $171,100, down 0.5 percent from a year earlier, NAR reported. In California, the statewide median resales price was $304,220 in October; in Massachusetts, it was $294,000; in Maryland, it was $245,355; and in New York, it was $215,850. Includes reporting by the Associated Press. Contact Richard Mullins at (813) 259-7919 or rmullins@tampatrib.com. Follow him at http://twitter.com/DailyDeadline. |
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