Florida Existing-Home Sales

West Palm Beach Homes are continuing to sell. News is that existing-home sales remained at elevated levels in May on buyer response to the tax credit. Most Florida real estate consultants characterized this by seeing stabilizing home prices and historically low mortgage interest rates. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

Existing-home sales, which are completed transactions that include single-family homes, townhomes, and condominiums were at a seasonally adjusted annual rate of 5.66 million units in May. That is down 2.2 percent from an upwardly revised surge of 5.79 million units in April. May closings are 19.2 percent above the 4.75 million-unit level in May 2009; April sales were revised to show an 8.0 percent monthly gain.

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Home, Condo Sales Rise & Loanrise.com

West Palm Beach, Florida - Sales of existing homes and condos rose in all three South Florida counties and statewide in April, according to some figures from Florida Realtors.

The median price of homes in all three counties also rise.
West Palm Beach Homes saw the biggest year-over-year jump, with 918 homes sold – up 35 percent from a year ago, when 681 homes sold. The median sales price was up 2 percent, to $239,100 from $234,400.

Condo sales in West Palm Beach rose 39 percent, to 1,024 units from 735 in April of 2009. The median sales price rose 4 percent, to $102,000 from $98,200.

Contact us HERE to find your Real Estate in West Palm Beach.

Coming soon for all your Mortgage and Home Loan needs is Loan Rise.