Despite the impact of four hurricanes, Florida’s existing-home prices reached new highs in 2004, the Florida Association of Realtors reported Friday.

In November, the latest data available, the statewide median sales price reached $192,400 for the year-to-date – a 22 percent increase over the same period last year.

Looking back to November 1999, Florida’s median sales price at that time was $103,200, translating to an 86.4 percent gain over the five-year period. Since January 2004, the statewide median sales price has shown double-digit gains each month, according to FAR records.

In November, the Naples MSA reported the highest median sales price, $369,900, while the Ocala MSA had the lowest median price at $113,000. Realtors across the state report tight inventories, particularly for residences priced under $200,000.

In 2005, the National Association of Realtors expects the U.S. median existing-home price to rise 5 percent and the typical new-home price to grow by 5.8 percent.

The Florida Association of Realtors provides programs, services, continuing education, research and legislative representation to its 120,000 members in 70 boards/associations.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription