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Home Sales in Florida Fall for a Second Month in July
HOW LOANRATEUPDATE WORKS
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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
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Home Sales in Florida Fall for a Second Month in July
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
Home Sales in Florida Fall for a Second Month in July

September 4, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell for the second consecutive month during July in Florida but still remained above the previous year’s levels according to the latest data from the Florida Realtors®.

An estimated total of 25,199 existing single-family homes and condos were sold in the Sunshine State in July. That was 10.0 percent lower than the 28,002 homes sold in June but still 7.5 percent higher than the 23,433 homes sold in July 2011.

Existing single-family homes accounted for 17,420 of the total sales in July. That was 7.3 percent lower than the 18,800 homes sold in June but still 9.8 percent higher than the 15,863 homes sold in July 2011.

The median sales price for an existing single-family home in Florida fell 2.0 percent to $148,000 from $151,000 in June but was still 7.8 percent higher than the median price of $137,300 in July of 2011.

The inventory of single-family homes for sale fell from 103,490 in June to 100,657 in July and was still drastically lower than at the same time last year when there were 149,314 single-family homes on the market, a decline of 32.6 percent.

There was a 5.3 months supply of homes available for sale, down from a 6.0 months supply the previous month and down from a 9.1 months supply in July of last year. On average, a single-family home in Florida took 59 days to sell in July, down from 60 days in June and down from 76 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “We really need to recognize that over the past year, we have seen a market reversal, from a clear buyers’ market to a neutral market to one that is verging on a sellers’ market. This is a precursor to price growth. Our MLS (Multiple Listing Service) numbers confirm this in that both median and average prices have been trending up. Florida Realtors’ soon-to-be-launched price index, based on all sales, is showing the same sort of behavior in that price drops ended in 2009 and are now showing signs of moving up.”

Condominium sales accounted for 7,779 of the total sales in July, down 15.5 percent from 9,202 sales in June but were still 2.8 percent higher than the 7,570 units sold in July of 2011.

The median sales price for a condo in July was $102,000, which was 7.3 percent lower than the $110,000 median sales price in June but was still 10.9 percent higher than the $92,000 median sales price for a condo in July of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 51,562 units on the market compared to 80,992 in July of last year, a decline of 36.3 percent. In June there were 57,337 condos and townhomes listed for sale.

There was a 5.4 month’s supply of units on the market compared to a 5.9 months supply in June. A year ago there was an 8.9 months supply of condos and townhomes.

On average, condo’s in Florida took 60 days to sell in July, down from 64 days in June and down from 73 days in July of last year.

Tags: florida real estate, 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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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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September 4, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell for the second consecutive month during July in Florida but still remained above the previous year’s levels according to the latest data from the Florida Realtors®.

An estimated total of 25,199 existing single-family homes and condos were sold in the Sunshine State in July. That was 10.0 percent lower than the 28,002 homes sold in June but still 7.5 percent higher than the 23,433 homes sold in July 2011.

Existing single-family homes accounted for 17,420 of the total sales in July. That was 7.3 percent lower than the 18,800 homes sold in June but still 9.8 percent higher than the 15,863 homes sold in July 2011.

The median sales price for an existing single-family home in Florida fell 2.0 percent to $148,000 from $151,000 in June but was still 7.8 percent higher than the median price of $137,300 in July of 2011.

The inventory of single-family homes for sale fell from 103,490 in June to 100,657 in July and was still drastically lower than at the same time last year when there were 149,314 single-family homes on the market, a decline of 32.6 percent.

There was a 5.3 months supply of homes available for sale, down from a 6.0 months supply the previous month and down from a 9.1 months supply in July of last year. On average, a single-family home in Florida took 59 days to sell in July, down from 60 days in June and down from 76 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “We really need to recognize that over the past year, we have seen a market reversal, from a clear buyers’ market to a neutral market to one that is verging on a sellers’ market. This is a precursor to price growth. Our MLS (Multiple Listing Service) numbers confirm this in that both median and average prices have been trending up. Florida Realtors’ soon-to-be-launched price index, based on all sales, is showing the same sort of behavior in that price drops ended in 2009 and are now showing signs of moving up.”

Condominium sales accounted for 7,779 of the total sales in July, down 15.5 percent from 9,202 sales in June but were still 2.8 percent higher than the 7,570 units sold in July of 2011.

The median sales price for a condo in July was $102,000, which was 7.3 percent lower than the $110,000 median sales price in June but was still 10.9 percent higher than the $92,000 median sales price for a condo in July of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 51,562 units on the market compared to 80,992 in July of last year, a decline of 36.3 percent. In June there were 57,337 condos and townhomes listed for sale.

There was a 5.4 month’s supply of units on the market compared to a 5.9 months supply in June. A year ago there was an 8.9 months supply of condos and townhomes.

On average, condo’s in Florida took 60 days to sell in July, down from 64 days in June and down from 73 days in July of last year.

Tags: florida real estate, 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

September 4, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell for the second consecutive month during July in Florida but still remained above the previous year’s levels according to the latest data from the Florida Realtors®.

An estimated total of 25,199 existing single-family homes and condos were sold in the Sunshine State in July. That was 10.0 percent lower than the 28,002 homes sold in June but still 7.5 percent higher than the 23,433 homes sold in July 2011.

Existing single-family homes accounted for 17,420 of the total sales in July. That was 7.3 percent lower than the 18,800 homes sold in June but still 9.8 percent higher than the 15,863 homes sold in July 2011.

The median sales price for an existing single-family home in Florida fell 2.0 percent to $148,000 from $151,000 in June but was still 7.8 percent higher than the median price of $137,300 in July of 2011.

The inventory of single-family homes for sale fell from 103,490 in June to 100,657 in July and was still drastically lower than at the same time last year when there were 149,314 single-family homes on the market, a decline of 32.6 percent.

There was a 5.3 months supply of homes available for sale, down from a 6.0 months supply the previous month and down from a 9.1 months supply in July of last year. On average, a single-family home in Florida took 59 days to sell in July, down from 60 days in June and down from 76 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “We really need to recognize that over the past year, we have seen a market reversal, from a clear buyers’ market to a neutral market to one that is verging on a sellers’ market. This is a precursor to price growth. Our MLS (Multiple Listing Service) numbers confirm this in that both median and average prices have been trending up. Florida Realtors’ soon-to-be-launched price index, based on all sales, is showing the same sort of behavior in that price drops ended in 2009 and are now showing signs of moving up.”

Condominium sales accounted for 7,779 of the total sales in July, down 15.5 percent from 9,202 sales in June but were still 2.8 percent higher than the 7,570 units sold in July of 2011.

The median sales price for a condo in July was $102,000, which was 7.3 percent lower than the $110,000 median sales price in June but was still 10.9 percent higher than the $92,000 median sales price for a condo in July of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 51,562 units on the market compared to 80,992 in July of last year, a decline of 36.3 percent. In June there were 57,337 condos and townhomes listed for sale.

There was a 5.4 month’s supply of units on the market compared to a 5.9 months supply in June. A year ago there was an 8.9 months supply of condos and townhomes.

On average, condo’s in Florida took 60 days to sell in July, down from 64 days in June and down from 73 days in July of last year.

Tags: florida real estate, 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