Jacksonville 3Q Homes Sales Up 28%, Median Prices Down 17%

11 11 2009

Existing homes sales in the Jacksonville metro area rose 28 percent in the third quarter of 2009, while existing condominium sales rose 53 percent, according to the Florida Association of Realtors.

During the third quarter, 3,377 single family homes were sold in Northeast Florida along with 435 condos. The median price for single family sales dropped 17 percent to $150,600 and the median price for condos dropped 22 percent to $114,600. Neither the single family home or the condo information included data from the Amelia Island-Nassau County Association of Realtors.

All of Florida’s metropolitan statistical areas reported increased sales of existing homes in the third quarter compared with the same period last year.

Statewide existing home sales rose 33 percent during the third quarter to 44,345. It was the fifth consecutive quarter that Florida has seen higher existing year-over-year homes. Statewide existing condo sales rose 56 percent to 14,797. The median price for existing homes dropped 22 percent to $145,400 and the median price for existing condos dropped 34 percent to $106,100.

Source: Florida Association of Realtors

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