State of the Market In Florida - Statistics ( June 2009)

Fourteen of Florida's metropolitan statistical areas (MSAs) reported increased existing-home sales in April and 11 MSAs also showed gains in condo sales. The national median sales price for existing single-family homes in March 2009 was $174,900, down 11.5 percent from a year earlier, according to NAR.Florida's median sales price for existing homes last month was $138,000; a year ago, it was $199,500 for a 31 percent decrease. The median is the midpoint; half the homes sold for more, half for less. The statewide existing condo median sales price last month was $106,600; in April 2008 it was $178,900 for a 40 percent decrease. According to NAR (Nat.Assoc.of Realtors), the national median existing condo price is $177,600 for March 2009.As you can see, Florida ranks below the national average in home and condo prices. Do you think it's a good time to buy ? ;-)