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by CareyBot

Despite cooling home sales across Florida in May, the statewide median price of an existing single-family home soared from a year ago, the Florida Association of Realtors reported today. The statewide median price of an existing single-family home was $248,700 last month, up 31 percent from a year ago when it was $189,200. In June 2000, Florida's median sales price was $119,600, according to FAR records, resulting in an increase of nearly 108 percent over the five-year period. Statewide, resales activity slowed slightly from the blistering pace of recent months, with a total of 25,455 homes sold compared to 26,112 homes a year ago, for a 3 percent drop. "Some briskness left the pace of sales of existing single-family homes across Florida during June," said David Scott, executive dire...