Florida's existing home sales rose in December, marking 16 months that sales activity has increased in the year-to-year comparison. Existing home sales rose 33 percent last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in December 2008. Statewide existing home sales last month increased 4.3 percent over statewide sales activity in November.
Condo sales experienced a 91 percent increase in statewide sales in December compared to the previous year's sales figure; statewide existing condo sales last month rose 22 percent over the total units sold in November.
According to NAR's (National Assn of Realtors) latest outlook, home sales are seeing a boost from the federal homebuyer tax credit. "There are many more potential buyers who can enter the market in the months ahead," said NAR Chief Economist Lawrence Yun. "Activity should ramp up for another surge in the spring when buyers take advantage of the expanded tax credit, which hopefully will take us into a self-sustaining market in the second half of 2010. In all, 4.4 million households are expected to claim the tax credit before it expires, and balance should be restored to the housing sector with inventories continuing to decline."
Results of Realtor Sales in the Daytona Beach Metropolitan area:
Single Family Homes
December, 2009 - 807 sales
December, 2008 - 513 sales - an increase of 57%
Median Sales Price
December, 2009 - $124,400
December, 208 - $141,300 - a decrease of 12%
Condo Resales
December, 2009 - 140
December, 2008 - 47 - an increase of 240%
Median Sales Price
December, 2009 - $158,000
December, 2008 - $155,000 - an increase of 2%
The increase in numbers of sales is good news for Daytona Beach area real estate sellers, but you can see by the prices we still have a Very Strong Buyer's Market. Contact me to find those bargains, and search homes for sale in Daytona Beach on my web site.
Sherry Armstrong, Realtor
386-679-3191
yourkeytothebeach@gmail.com
www.sherryarmstrong.com
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