On Thursday, the Florida Association of Realtors (F.A.R.) reported its first monthly sales jump in Orlando since late 2005.
F.A.R. reported a total of 1,641 homes sold in June, a nearly 3 percent increase when compared with 1,595 homes sales in the same month a year prior.
The existing median sales price was $219,500 in June, a 15 percent decrease from $258,100 in June 2007.
The existing condo market, however, continued to see sales decline. June condo sales totaled 172 in Orlando, an 8.5 percent drop from the 188 that sold in the same month in 2007. The condo median price was $132,900 last month, a 15 percent drop from June 2007’s price of $156,900.
Looking at the entire state of Florida, 11,700 existing homes sold last month, a 5 percent decline from June 2007’s 12,276. Florida’s median sales price for existing homes last month was $205,500, 16 percent lower than June 2007’s $244,400.
Condo sales statewide fell 5.8 percent, from 3,851 in June 2007 to 3,628 last month. The existing condo median sales price in Florida last month was $183,700, 13.5 percent below June 2007’s $212,400.