Florida's Median Home Prices

Existing Florida Home Median Prices Rise in June

From Sarasota MLS data, median sales price for a single-family Sarasota home in June 2006 was $352,700, compared to $378,950 in June 2005. The number of single-family homes sold in June 2006 was 422, compared to 716 in June 2005. Statewide, however, existing-home median price rose 3 percent to $257,800. A year ago the price was $249,800 according to the Florida Association of REALTORS(FAR).

There are signs that the market is stabilizing, according to NAR housing industry analysts. NAR does expects 2006 to be the third strongest sales year on record even with rising mortgage rates, rising inventory of homes, rising insurance rates and higher energy costs.

These statistics gathered from the Sarasota Association of Realtors (Sarasota MLS) on July 10, 2006 and were quoted from Sarasota Realtor Magazine.