Real Estate News
Florida real estate prices soar in third quarter
Lower interest rates help sustain strong sales
Other larger MSAs reporting higher resales activity for third quarter 2005 include: Tampa-St. Petersburg-Clearwater, where 13,973 homes sold for a 12 percent gain; and West Palm Beach-Boca Raton, where 3,802 homes changed hands for a 5 percent increase. The median sales price in those markets also rose: in Tampa-St. Petersburg-Clearwater, up 29 percent to $216,100; and in West Palm Beach-Boca Raton, up 24 percent to $399,900.
As for smaller Florida markets, the Ocala MSA had a total of 1,556 homes sold during the quarter, compared with 1,512 a year ago for a 3 percent increase. The median sales price rose 32 percent to $151,600; a year ago, it was $115,000.
Several other smaller MSAs reported strong home sales for the third quarter, including: Gainesville, where 1,030 homes sold for a 13 percent gain; and Melbourne-Titusville-Palm Bay, where 2,243 homes changed hands for a 12 percent increase. The median sales price in those markets also rose: in Melbourne-Titusville-Palm Bay, up 35 percent to $237,800; and in Gainesville, up 11 percent to $185,700.