by John Sabia
on Thursday, February 12th, 2009 at 5:16pm.
Florida Association of Realtors® (FAR) report home sales up across the state of Florida for the 4th quarter of 2008, signaling the second straight quarter for an upward swing on sales. However, statewide, Florida home prices remain down.
Contributing factors to prices remaining low are the number of short sales and foreclosures statewide and the strict lending guidelines.
Locally, Fort Lauderdale Home sales rose 42% to 1,764 from 1,244 for same time last year and the median price for a single family home was $234,100 down 32% from $344,000. *
Sales for Fort Lauderdale condos rose 21% to 1,588 from1,309 same time last year. The median price dropped 35% to $107,200 from $166,100.*