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Home Sales in Florida Fall In June
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
Home Sales in Florida Fall In June
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 In June

July 23, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell from May to June in Florida led by a near eight percent drop in condo sales according to the latest data from the Florida Realtors®. Despite the sales decline, year-over-year home prices continued to show improvement.

An estimated total of 28,002 existing single-family homes and condos were sold in the Sunshine State in June. That was 2.5 percent lower than the 28,718 homes sold in May but still 4.0 percent higher than the 26,928 homes sold in June 2011.

Existing single-family homes accounted for 18,800 of the total sales in June. That was 0.4 percent higher than the 18,723 homes sold in May and was 5.3 percent higher than the 17,861 homes sold in June 2011.

The median sales price for an existing single-family home in Florida increased 2.7 percent to $151,000 from $147,000 in May and was 8.2 percent higher than the median price of $139,500 in June of 2011.

The inventory of single-family homes for sale increased from 103,490 in May to 112,365 in June but was still drastically lower than at the same time last year when there were 163,118 single-family homes on the market, a decline of 31.1 percent.

There was a 6.0 months supply of homes available for sale, up from a 5.5 months supply the previous month but down from a 9.8 months supply in June of last year. On average, a single-family home in Florida took 60 days to sell in June, down from 64 days in June and down from 78 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The trend we’ve seen established over the past year is continuing. In June, every housing market indicator moved in the right direction. Closed sales are up, but so are pending sales, median prices, average prices and the ratio of sales price to list price. Conversely, listings are down, days on market are down and – most important – inventories are down. We have now reached a six months’ supply of inventory for existing single-family homes and 5.9-months’ supply for townhouse-condos.”

Condominium sales accounted for 9,202 of the total sales in June, down 7.9 percent from 9,995 sales in May but were still 1.5 percent higher than the 9,067 units sold in June of 2011.

The median sales price for a condo in June was $110,000, which was 1.8 percent lower than the $112,000 median sales price in May but was still 15.8 percent higher than the $95,000 median sales price for a condo in June of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 57,337 units on the market compared to 88,996 in June of last year, a decline of 43.1 percent. In May there were 53,558 condos and townhomes listed for sale.

There was a 5.9 month’s supply of units on the market compared to a 5.5 months supply in May. A year ago there was 9.9 months supply of condos and townhomes.

On average, condo’s in Florida took 64 days to sell in June, down from 68 days in May and down from 79 days in June 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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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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LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 23, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell from May to June in Florida led by a near eight percent drop in condo sales according to the latest data from the Florida Realtors®. Despite the sales decline, year-over-year home prices continued to show improvement.

An estimated total of 28,002 existing single-family homes and condos were sold in the Sunshine State in June. That was 2.5 percent lower than the 28,718 homes sold in May but still 4.0 percent higher than the 26,928 homes sold in June 2011.

Existing single-family homes accounted for 18,800 of the total sales in June. That was 0.4 percent higher than the 18,723 homes sold in May and was 5.3 percent higher than the 17,861 homes sold in June 2011.

The median sales price for an existing single-family home in Florida increased 2.7 percent to $151,000 from $147,000 in May and was 8.2 percent higher than the median price of $139,500 in June of 2011.

The inventory of single-family homes for sale increased from 103,490 in May to 112,365 in June but was still drastically lower than at the same time last year when there were 163,118 single-family homes on the market, a decline of 31.1 percent.

There was a 6.0 months supply of homes available for sale, up from a 5.5 months supply the previous month but down from a 9.8 months supply in June of last year. On average, a single-family home in Florida took 60 days to sell in June, down from 64 days in June and down from 78 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The trend we’ve seen established over the past year is continuing. In June, every housing market indicator moved in the right direction. Closed sales are up, but so are pending sales, median prices, average prices and the ratio of sales price to list price. Conversely, listings are down, days on market are down and – most important – inventories are down. We have now reached a six months’ supply of inventory for existing single-family homes and 5.9-months’ supply for townhouse-condos.”

Condominium sales accounted for 9,202 of the total sales in June, down 7.9 percent from 9,995 sales in May but were still 1.5 percent higher than the 9,067 units sold in June of 2011.

The median sales price for a condo in June was $110,000, which was 1.8 percent lower than the $112,000 median sales price in May but was still 15.8 percent higher than the $95,000 median sales price for a condo in June of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 57,337 units on the market compared to 88,996 in June of last year, a decline of 43.1 percent. In May there were 53,558 condos and townhomes listed for sale.

There was a 5.9 month’s supply of units on the market compared to a 5.5 months supply in May. A year ago there was 9.9 months supply of condos and townhomes.

On average, condo’s in Florida took 64 days to sell in June, down from 68 days in May and down from 79 days in June 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

July 23, 2012 (Chris Moore)

Monthly sales of existing single-family homes and condominiums fell from May to June in Florida led by a near eight percent drop in condo sales according to the latest data from the Florida Realtors®. Despite the sales decline, year-over-year home prices continued to show improvement.

An estimated total of 28,002 existing single-family homes and condos were sold in the Sunshine State in June. That was 2.5 percent lower than the 28,718 homes sold in May but still 4.0 percent higher than the 26,928 homes sold in June 2011.

Existing single-family homes accounted for 18,800 of the total sales in June. That was 0.4 percent higher than the 18,723 homes sold in May and was 5.3 percent higher than the 17,861 homes sold in June 2011.

The median sales price for an existing single-family home in Florida increased 2.7 percent to $151,000 from $147,000 in May and was 8.2 percent higher than the median price of $139,500 in June of 2011.

The inventory of single-family homes for sale increased from 103,490 in May to 112,365 in June but was still drastically lower than at the same time last year when there were 163,118 single-family homes on the market, a decline of 31.1 percent.

There was a 6.0 months supply of homes available for sale, up from a 5.5 months supply the previous month but down from a 9.8 months supply in June of last year. On average, a single-family home in Florida took 60 days to sell in June, down from 64 days in June and down from 78 days a year ago.

John Tuccillo, Florida Realtors Chief Economist, stated, “The trend we’ve seen established over the past year is continuing. In June, every housing market indicator moved in the right direction. Closed sales are up, but so are pending sales, median prices, average prices and the ratio of sales price to list price. Conversely, listings are down, days on market are down and – most important – inventories are down. We have now reached a six months’ supply of inventory for existing single-family homes and 5.9-months’ supply for townhouse-condos.”

Condominium sales accounted for 9,202 of the total sales in June, down 7.9 percent from 9,995 sales in May but were still 1.5 percent higher than the 9,067 units sold in June of 2011.

The median sales price for a condo in June was $110,000, which was 1.8 percent lower than the $112,000 median sales price in May but was still 15.8 percent higher than the $95,000 median sales price for a condo in June of last year.

The number of condominiums and townhomes for sale also declined drastically from last year with 57,337 units on the market compared to 88,996 in June of last year, a decline of 43.1 percent. In May there were 53,558 condos and townhomes listed for sale.

There was a 5.9 month’s supply of units on the market compared to a 5.5 months supply in May. A year ago there was 9.9 months supply of condos and townhomes.

On average, condo’s in Florida took 64 days to sell in June, down from 68 days in May and down from 79 days in June 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