Signs of Recovery in Florida Home & Condo Market

More signs of a recovering home market were reported by the Florida Associations of Realtors(FAR). According to FAR, Florida Q1 2010 homes sales increased 24% over the same period last year and condo's increased 67%. This marks the 7th consecutive quarter with an increase. Futhermore, the National Association of Realtors are reporting that there is price stabilization occurring throughout the country.

For the whole story, go to Florida's existing home, condos sales up in 1Q 2010

Marco Island Real Estate Statistics for April 2010

April 2010 was a great month with nearly a 45% increase in closed properties over the prior month while inventories decreased by about 6.5% from March inventory. More importantly, active inventory(homes for sale) is down to less than 16 month inventory as opposed to 34 months a year ago. The market saw a 9% increases in average sales price for the overall market which is a positive sign considering the Q1 average sales price was down less than 3%. However, this doesn't mean that we have changed price direction yet but the market is moving in the right direction. We will have to wait and see what Q2 average sales price holds in store for us! In the meantime, I highly recommend that you accelerate your search efforts if you are serious about buying in the area.

For more statistics, click Marco Island Real Estate Statistics for April 2010

Looking to buy or sell, call us @ 239.394.3040, we can help!