October property sales slow

Statewide, 11,888 existing single-family homes sold in October, along with 5,147 existing condominiums. Those numbers are down 22% and 5% over the year respectively, according to Florida Realtors, impacted by the slowdown in foreclosures due to legal snafus

The median sale price for an existing home was $136,600 last month. In October 2009, it was $140,900, just 3% higher. As for condo sales, the median price was $82,400, compared to $105,200 a year ago, a 22% drop.

Existing home sales slowed even more in Tampa-St. Petersburg-Clearwater and Cape Coral-Fort Myers over then year than they did statewide. In Tampa, home sales fell 25% by volume; in Cape Coral, the decrease was 28%.