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March 2008 Florida Home Sales including Boca Raton Real Estate News

FLORIDA ASSOCIATION OF REALTORS - MARCH 2008  HOME SALES 

The Florida Association of Realtors reported that March 2008 single-family and condominium home sales were slightly up compared to last month. Florida Association of Realtors’ statistics show a statewide increase of 10% in single-family homes sales and a 13.7% increase in condo sales over February 2008 sales.

According to the Florida Association of Realtors, there were 9,142 single-family homes sold statewide in March 2008 compared to 8,310 single-family homes sold in February 2008. With regard to condominium sales, the Association of Realtors reported there were 3,145 units sold in March 2008 compared to 2,765 units sold in February 2008.   

BOCA RATON MEDIAN SALES PRICE

The Florida Association of Realtors reported  that the median sales price for single-family homes in Boca Raton - West Palm Beach area for March 2008 was $320,200.00, and the median price for condos in the area was $148,600.00. Although prices are down compared to March 2007, there are signs prices are correcting.    

POSITIVE SIGNS

The increase in home sales is a positive indicator there is a high buyer demand for housing because of the current affordable housing prices, increased inventory and low interest rates.  These conditions are helping to stimulate home sales in the Boca Raton and surrounding areas as well as statewide.  

For more information on Boca Raton Real Estate, please contact our Team.     

Source: 

Related Links:

• Florida Association of Realtors

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