Prices are Falling

Sales, home values continue to drop

Orlando Business Journal - 10:55 AM EDT Thursday, July 26, 2007

Statewide sales of existing single-family homes and condominiums continued to slide, as did the home values, the Florida Association of Realtors reported Wednesday.

Existing Florida single-family homes sales totaled 12,954 in June, a 30 percent decrease from the 18,607 homes sold in June 2006. Florida condo sales, meanwhile, fell by 28 percent, from 5,532 in June 2006 to 4,004 in June of this year.