Good news for the condo market!
Sales of existing condominiums improved from fourth quarter 2007 to first quarter 2008, according to the latest housing statistics from the Florida Association of Realtors (FAR). A total of 8,581 existing condos sold statewide in 1Q 2008, an 8.3 percent increase over 4Q 2007 when 7,923 units sold.
“If we look at what is happening month-over-month for 2008, it appears that the bottom [of the housing slowdown] may be here,” says 2008 FAR President Chuck Bonfiglio. “We are now seeing more activity, more sales and even prices starting to rise in some markets. So I believe that there are some really good signs in many areas of our state.”
Read the full article from the Florida Association of Realtors at: