Florida existing home sales lag in November

Florida’s existing home sales dropped 15 percent last month compared to November 2009, but condominium sales increased 11 percent over the same time period, according to a report released today by the National Association of Realtors. In Palm Beach County, existing home sales saw a 5 percent drop last month compared to November 2009, while condo sales jumped 12 percent. These statistics reflect a housing market in an “uneven recovery,” said Lawrence Yun, chief economist for NAR. Palm Beach County’s median price for a single-family home was $208,400, down 8 percent from November 2009. The median price statewide was $132,700, down 5 percent from last year. [Palm Beach Post]