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· ”Marred by inflated prices, a glut of new home inventory and indecisive buyers, Polk County’s housing market continued its decline last month. existing home sales dropped nearly 32 percent from 499 in August 2006 to 340 last month. It was the 15th consecutive month sales totals had declined from the year before.”
The organization is now predicting that existing-home sales will increase 8.5 to 9 percent this year compared with last, reaching about 5.07 million units in 2013. That would be the highest annual number of units moved in seven years, and slightly above the 5.03 million recorded in 2007.
Condominium foreclosures are also on the rise. In early 2008, single-family-home foreclosures outpaced condos by about three to one. But now condos make up 41 percent of the residential foreclosures in Miami-Dade, 67 percent in Broward and a whopping 83 percent in.
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South Florida home prices keep climbing at a rapid rate, fueled by an ever-shrinking pool of available properties. Palm Beach Countys median price for existing homes in March was $249,894, a 28 percent increase from a year earlier, the Realtors Association of the Palm Beaches said Monday.. It was the fourth consecutive month that the county’s median has risen by more than 20 percent.
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Why It Makes No Sense to Wait for Spring to Sell And to understand why that’s. Pause. "Wait. Are you going to spring training?" Murray flared his left hand to signal he didn’t know. "Wait. You don’t know?" Patrick said. "Dad, is he going to.
Total Miami Home Sales Rise. list price received for existing condominiums was 94.0 percent. National and State Statistics Nationally, total existing-home sales rose 2.5% from June to a seasonally.
The county’s median home price reached a high in August 2005 at $248,700.  New home permits fell in 2007 to 1,894, the lowest since 1982.  Sales of existing homes fell 19% in 2007 from the prior year to 373 monthly. The median drop in home prices was 50% from 2005 to.
U.S. Existing Home Sales Drop 1.2% in January. Sales of previously owned homes fell in January, although a decline in home prices and mortgage rates could bode well for a pickup this spring. The post U.S. Existing Home Sales Drop 1.2% in January appeared first on Real Estate News & Insights |.