Industry News

Florida home sales, prices slide

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Existing single-family home sales in Florida dropped 30 percent in November compared to the same month last year, while the median sales price fell 3 percent, the Florida Association of Realtors reported. For the first 11 months of 2006, sales were down 28 percent compared to the same period in 2005, while prices increased 6 percent. There were 11,912 existing single-family home sales statewide in November, and 167,545 sales from January through November. The median price in November was $242,500, a rise of about 88.3 percent compared with the statewide median sales price of $128,800 five years earlier, in November 2001. Nationally, the median sales price for existing single-family homes was $221,300 in October, down 3.4 percent from a year ago, according National Association of Realtors statistics. In California, the statewide median existing-home price was $548,680 in October; in Massachusetts, it was $341,000; in Maryland, it was $307,135; and in New York, it was $235,000. Sales of...