Florida home sales slowed in the fourth quarter, while prices soared into double-digit territory, according to the Florida Association of Realtors.

A statewide total of 54,633 existing, single-family homes sold during the fourth quarter, down 2 percent from the 55,748 homes sold during the same quarter in 2003.

The statewide median sales price reached $193,200 in the fourth quarter, a 22 percent increase over the median price of $158,900 in fourth quarter 2003, the association reported. For fourth-quarter 1999, the statewide median sales price was $106,700, which marks an increase of 81 percent over the five-year period, FAR records show.

As one of the larger Metropolitan Statistical Areas (MSAs) in the state, Tampa-St. Petersburg-Clearwater reported the biggest number of homes sold for the quarter, with a total of 11,215 homes changing hands compared with 10,649 homes sold during the final quarter of 2003, for a 5 percent increase. The median sales price rose 18 percent to $168,500; it was $142,300 in fourth quarter 2003.

Jacksonville, another large MSA, also had strong resales activity in the fourth quarter compared to the previous year, with 3,641 homes sold for an 8 percent gain. The market’s median sales price was $162,800 for the quarter, a 15 percent gain over fourth-quarter 2003.

Among the state’s smaller markets, the Naples MSA posted a 16 percent increase in existing-home sales for the final quarter of last year. A total of 1,046 homes changed hands compared with 901 homes sold during fourth-quarter 2003. The median sales price rose 17 percent to $360,700; it was $307,400 in the final quarter of 2003.

Other smaller markets reporting double-digit gains in resale activity for the final quarter of 2004 include: Pensacola, where 1,551 homes sold for a 20 percent gain; Tallahassee, where 1,058 homes sold for a 20 percent increase; and Melbourne-Titusville-Palm Bay, where 1,782 homes changed hands for an 18 percent gain. The median sales price in those markets also rose compared to the previous year: in Melbourne-Titusville-Palm Bay, 32 percent to $180,500; in Pensacola, 20 percent to $141,000; and in Tallahassee, 12 percent to $156,300.

***

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