Existing home sales in Florida increased 4% in December on a year-over-year basis although the median sales price decreased by 5% in the same period.
But when compared with November, the median price increased to $133,100 from $132,000, according to the Florida Association of Realtors.
For the full year 2010, existing home sales in the state were up 5% over 2009, helped by the homebuyer tax credit that fueled not only single-family property sales but also condominium sales in the state as well in the first half of the year.
Condo sales in December totaled 6,673 units, up 12% over December 2009's 5,955 sales. But the median price was down 17% to $88,100 from $106,700.
For the full year, condo sales increased by 29% in 2010 over 2009 and by over 90% when comparing 2010 to 2008.
The most active markets in December were the Tampa Bay area, with 2,754 existing home sales, up 17% over the previous December; Orlando, with 2,378 sales, up 3% and Fort Myers-Cape Coral, with 1,322 sales, down 11%.
Condo sales in Fort Lauderdale were up 7% to 1,011; while in Miami, they were up 29% to 985. West Palm Beach-Boca Raton saw a 26% increase to 963 and the Tampa Bay area was up 25% to 962.
