Sales of Existing Homes Report

NAR reported last week that the sales rate for existing homes rose about 12.3 percent from November 2010 to December 2010, but fell 2.9 percent compared to December 2009. The median price of existing homes dropped about 1 percent year-over-year in December, to $168,800.
Sales of new single-family homes were up an estimated 17.5 percent from November 2010 to December 2010 and fell about 7.6 percent year-over-year in December, the U.S. Census Bureau and Housing and Urban Development Department reported Wednesday. The median price rose about 8.5 percent year-over-year in December, to $241,500.

For more information about real estate in Florida Panhandle, go to http://www.destinhomerealtor.com/ or send an email to MykeSaysSold@aol.com

Source:  Inman News

Real Estate Inventory is Dropping in Florida Panhandle

Inventory is dropping in many of the more desirable places in Northwest Florida with the arrival of the F35 at Eglin AFB and with the arrival of additional military with 7th Special Forces at Duke Field in Crestview.  The time for dropping prices seems to be coming to an end, so if you are looking for property in the Florida Panhandle this is a great time to be making your property purchase.  If you need assistance, please contact me and let me know how I can help.  I offer my website as free access to the mls in our area. www.DestinHomeRealtor.com is the place to go.