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| Florida median home price slipped 1 percent in September  According to the Florida Association of Realtors (FAR), a total of 13,485 existing single-family homes sold statewide last month, a decrease of 34 percent from the 20,451 homes sold during the previous September. The existing-home median price slipped 1 percent to $243,900 last month; a year ago, it was $246,100. In September 2001, the statewide median sales price was $134,000, representing an increase of about 82 percent over the five-year period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less.Nationally, the median sales price for existing single-family homes was $225,700 in August, down 1.7 percent from a year ago, according to the National Association of Realtors (NAR). In California, the statewide median resales price was $576,360 in August; in Massachusetts, it was $352,000; in Maryland, it was $317,738; and in New York, it was $271,350. The U.S. housing market is showing signs of life and sales may be leveling out, according to NAR's latest market outlook, which expects 2006 to be the third strongest sales year on record nationally. write your comments about the article :: © 2006 Construction News :: home page |