According to Florida Realtors, the threatened termination of the $8,000 federal first-time homebuyers’ incentive was responsible for driving up home and condo sales throughout Florida in November.
Fort Myers-Cape Coral led the state with a 133 percent increase compared to the same month in 2008. Both Daytona Beach and Gainesville saw an 84 percent increase in home sales. The Herald Tribune reports the Sarasota-Bradenton market saw a 63 percent increase in home sales, while sales were up 55 percent in Punta Gorda-North Port.
Across Florida as a whole, sales were up 61 percent, with 14,026 homes changing hands statewide compared to 8,694 homes sold in November 2008.
“The extended and expanded federal homebuyer tax credit will continue the positive momentum of the housing sector's recovery,” said Florida Realtors President Cynthia Shelton. “For 15 months now, statewide sales of existing single-family homes in Florida have increased each month compared to the year-ago figures.”
The national median sales price for existing single-family homes in October 2009 was $173,100, down 6.8 percent from a year earlier, according to National Association of Realtors.
What do you think of this latest data? Are you seeing signs of recovery in your community?
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