The Florida Association of Realtors said September condo sales rose 77 percent statewide from a year ago. It was a 9 percent climb from August, with about 5,000 units changing hands. The median price for the one-year period is down by one-third to $102,500. All but one of the state’s metropolitan areas showed a gain in condo sales, and a majority of those have posted increased sales for 15 consecutive months [GlobeSt]
Florida condominium sales climb
October 27, 2009 11:12AM
October 30, 2009 at 10:04 am, Anonymous said:
The link to GlobSt didn’t work for me. But it seems the same thing that’s happening in Vegas is happening in Florida. More and more sales with lower and lower prices.
It seems increased sales is an indicator of lower prices not higher prices. So why does the NAR keep touting more sales as a great thing for the market and a sign that prices are going up?
OH I KNOW – they’ll say anything to sell houses.
October 31, 2009 at 12:00 am, Anonymous said:
For the above. Have you ever heard about supply and demmand?
As the supply gets smaller prices will eventually rise or at least stabilize. Just look at the recent low in fuel prices.
But I don’t blame you for being suspicious, I am always suspicious and specially of the media and self interest groups.
Good Luck America
October 31, 2009 at 9:37 am, Anonymous said:
#2 you’ve drunk the kool-aid – you too think that a sale means the supply and demand ratio means there is now less supply – but guess what buddy there is also less demand after the sale. A sale is a neutral event for the supply and demand curve.
More sales don’t mean less supply and higher prices. The National Association of Realtors want you to believe it but it just isn’t so.