Real estate sales up again

Statewide sales volumes for existing single-family homes and condominiums increased in the first quarter of 2010 compared to last year, but prices fell.

Home sales were up 24% in volume, according to a release issued by Florida Realtors, and condo sales increased 67%. But the median sales price for existing homes fell 5%, while the median sales price for condos fell 13%.

Prominent economists from the state of Florida differed slightly in their interpretations of the latest data, with the University of Central Florida's Sean Snaith suggesting prices may yet fall further.