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Statewide Condo Sales Pick Up Again

ORLANDO-Realtors record a 21% increase in unit sales, but prices are down 40% over the year.

By Carl Cronan | Updated on May 27, 2009

(Carl Cronan is editor of Real Estate Florida.)

ORLANDO-Statewide sales of residential condominium units rose 21% in April following a 6% increase in March, reports the locally based Florida Association of Realtors. Yet while more units are selling this spring, prices plummeted 40% over the past year to a state median of $106,600.

A total of 4,660 condos were sold throughout the Sunshine State in April, up from 3,862 in the same month last year. Year to date, 14,802 units have been sold, 19% more than 12,416 through the first four months of 2008, at which time the median price was $178,900.

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