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It’s a Buyers Market

February 15th, 2007 by Mike Vasilinda

Single Family existing home sales in Florida dropped 28 percent in the fourth quarter of 2006 compared to the same period a year earlier. Sales were absolutely horrible in the Lakeland Winer Haven area, down a whopping 56 percent. Next worst was Tampa, where sales were off 40%. Orlando, Naples, Ft. Walton, and Daytona all posted worse sales declines than the average. Surprisingly, Miami sales only fell one percent.

Statewide, the average sales price dropped by one percent, from $245,600 to $242,100. Ocala, Orlando, and Tampa St. Pete all saw a slight up tick in the price of a home.

Posted in Business, Insurance, State News | 1 Comment »

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