According to the Florida Association of Realtor, Florida’s existing home sales rose in June – the 10th consecutive month that sales activity showed gains in the year-to-year comparison.
And in month to month comparison, June sales were up over May for both condominiums and single family homes.As for median prices, for the second month they are up but still 28% lower than a year ago.
Now, the next big hurdle is getting appraisals right. Since there are very few recent sales to use as comps, appraisals are coming in very low and breaking deals apart. Buyers feel like they are overpaying.And, no doubt the $ 8,000 credit is helping the situation considerably.
In sunny, coastal Jupiter
Richard SitesJupiter/Tequesta Realtor
