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The median prices for existing homes and condominiums sold along the Gulf Coast in May suggest a full-blown recovery has not yet taken place.
Florida Realtors published last month's price data this week, and the numbers say more about individual Gulf Coast metropolitan areas than they do about the region as a whole.
In Fort Myers, the median sale price for single-family existing homes was down 4.5% relative to April, but still a shade higher than March's number. The same metric rose marginally in Sarasota-Bradenton and in Tampa Bay, with increases of 1.7% and 2.0% respectively.
The median sale price for existing condominiums fell roughly 1% in Sarasota-Bradenton from the April amount, but May's value is still higher than that from March. The same cannot be said for the Fort Myers market, however, where the median condo sale price fell below March's figure.
In Tampa, the median sale price for condos rose 1.5% relative to April, more than sustaining the 7.6% jump the region saw from March to April.
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