Rebound in Florida Housing Market for 1st Half of Year
This article was published in the Jacksonvile Business Journal on August 8, 2008 by Chtistian Conte:
Since hitting a low in January, local single-family house and condominium sales have doubled in the first six months of 2008, a trend some hope is proof the residential market is starting to rebound.
The 1,013 existing single-family houses sold in June were up from the 518 sold in January, according to the Florida Association of Realtors. The January figure does not include data from the St. Augustine & St. Johns County Board of Realtors.
Condominium sales were also up, from 51 to 135, during the same period. The January figure for these sales also do not include data from the St. Augustine & St. Johns County Board of Realtors.
Although monthly single-family and condo figures have dropped each month compared with the same month last year — from 34 percent in January to 20 percent in June for single-family houses and from 68 percent in January to 9 percent in June for condos — they’ve increased each month so far this year for single-family houses and every month except for a 12 percent dip in April for condos.
