Polk County and Florida Existing Home Sales Rise – Prices Continue to Dive in October

The Florida Association of Realtors® reports that existing home sales rose 45% in October from the previous year and a 5.1% increase from the previous month. Florida's median home price continues to stumble with distressed properties dictating the housing market - Florida's median sales price for existing homes last month continued downwardly to $140,300 for a 17% decrease from the previous year and 1.20% from the previous month.

The Polk County's housing market.

612 existing homes sold - a slight increase of 2.6% from the previous month (596 sold homes) in Polk County - an increase in sales activity of 27% from the previous year. Overall Polk's median price for existing homes decreased by a small margin from the previous month to $99,000; however, dipped 24% from the previous year of $130,000.

Take a look at the city you live in and see what the numbers are for October 2009 for existing home sales - single family homes, condominiums, manufactured homes -including distressed properties in Polk County.

City Average Sold Price Median Sold Price # of Homes Sold

Let's take a look at the distressed Polk County real estate market!

Distressed properties, which includes Bank owned, pre-foreclosure, in foreclosure and short sales count for 60% of our total sales in Polk County for the month of September.

272 sold homes were Bank Owned - median price $76,500 - Days on Market 24

94 sold homes were Short Sales - median price $113,950 - Days on Market 121

The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include "For Sale By Owner".

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