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Florida Home Sales Climb in February
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Florida Home Sales Climb in February
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Florida Home Sales Climb in February

February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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A NEW CAR?


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COULD SAVE YOU THOUSANDS.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 23, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Florida increased in February but couldn’t match last year’s levels while home prices rebounded from the previous month’s decline according to the latest data from the Florida Realtors®.

An estimated total of 21,815 existing homes and condos were sold in the Sunshine State in February. That was 17.5 percent higher than the 18,007 homes sold in January but 9.0 percent lower than the 23,983 homes sold in February 2011.

Existing single-family homes accounted for 14,270 of the total sales in February. That was 18.5 percent higher than the 12,044 homes sold in January but was still 4.8 percent lower than the 14,997 homes sold in February 2011.

The median sales price for an existing single-family home in Florida increased 3.9 percent to $134,000 from $129,000 in January and was 7.2 percent higher than the median price of $125,000 in February of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 34.0 percent from 177,338 in February of last year to 117,031 last month.

There was a 6.2 months supply of homes available for sale compared to a 10.8 months supply in February of last year. On average, a single-family home in Florida took 120 days to sell in February, down from 124 days in February of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “The overall picture that these statistics show is of a stabilizing housing market. While closed sales are down, so are listings and so is inventory. These are signs of a market that’s moving from being a buyer’s market to a balanced market.”

Condominium sales accounted for 7,545 of the total sales in February, up 26.5 percent from 5,963 sales in January but still 16.0 percent lower than the 8,986 units sold in February of 2011.

The median sales price for a condo in February was $95,000, which was 3.4 percent higher than the $91,900 median sales price in January and 15.9 percent higher than the $82,000 median sales price for a condo in February of last year.

The supply of condominiums available for sale also declined drastically from last year with 62,079 condos for sale compared to 101,077 in February of last year, a decline of 44.6 percent.

The sharp drop in available homes reduced the supply of inventory to 6.3 months, down from an 11.3 months supply a year ago, a drop of 44.6 percent. On average, condo’s in Florida took 124 days to sell in February, down from 131 days in February of last year.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS