Sales for existing condos in Florida up 15%

It may not be a glorious triumph over this bad economy, but its a start!

According to FloridaRealtors.org, existing condo sales in Florida rose by 15% in the third quarter. This is great news for those still waiting to sell their condo, as they may see this as a good chance that the condo they have had on the market for over a year might be close to being sold.

However, as with all good things there sometimes comes the bad. The price of these condos actually dropped since 2009 by 21%. In 2009 condos selling for $106,000 now sell for $84,000. But alas, we should always look on the bright side. Closing more sales leads to better market conditions, happy sellers, happy buyers (really happy buyers!), and a happy realtor. It is best not to dwell on the negatives because although the market is tough to navigate currently as a seller, things can only go up from here and it is only a matter of time before stabilization sets in.