Friday, May 12, 2006

Real Estate Market Updates

Ormond Beach Real Estate Market watch The Florida Association of Realtors recently released statistics for March 2006. According to their figures for Volusia and Flagler Counties single family existing home sales were off for the 3rd consecutive monthe when compared to last year. 2006 saw 31% fewer sales but the good news is the the mediasn sales price increased 18%. Nationally the median sales price increased 7.4% in March as compared to 2005. Statewide the median price rose 17% while sales were off 22%. The U.S. Commerce Dept. recently reported that sales of new homes ion March were up but the median price dropped 22%.

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