The bay area recorded 2,060 sales last month, compared to 1,923 in October, according to the latest housing data released Wednesday by Florida Realtors.
Statewide, sales were flat from October to November with 11,900 single-family homes sold. Compared to November 2009, statewide sales decreased 15 percent, though the lower numbers can, at least in part, be explained by the rush to meet the deadline for an $8,000 first-time home buyer tax credit available last year. Congress later extended the benefit into 2010.
Year to date, Florida sales are up 5 percent.
Nationally, existing homes sales rose 5.6 percent, according to the National Association of Realtors. Lawrence Yun, chief economist, is hopeful for 2011.
"Continuing gains in home sales are encouraging, and the positive impact of steady job creation will more than trump some negative impact from a modest rise in mortgage interest rates, which remain historically favorable," he said.
We are proud to have served the South Florida and Greater Tampa Bay area for over 12 years. Our experienced team specializes in residential home sales, leasing, property management as well as REO and Note Sales in both the commercial and residential markets. We pride ourselves on highly personal and professional relationships built over the past decade and we look forward to building our relationships further.
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