MANATEE — Local sales of existing single-family homes rose in August, according to data released today.
Sarasota-Bradenton Realtors sold 678 existing single-family homes last month, up from 551 in the same month a year ago, the Florida Association of Realtors said.
The local median sales price — the point were half sold for more and half for less — stood at $164,200 in August, down 25 percent from $218,200 in August 2008.
The latest numbers snapped a three-month streak of rising sales and prices, further evidence the market’s recovery remains fragile.
Local condominium sales also rose, with Realtors selling 169 units at a median price of $185,600 last month. In August 2008, they sold 126 units with a median price of $220,000.
Statewide, single-family sales were 28 percent higher in August than a year ago. The median price was $147,400, down 22 percent from $188,500 in August 2008.
Florida’s performance was mixed when compared to national data released by the National Association of Realtors.
U.S. home resales fell 2.7 percent to a seasonally adjusted annual rate of 5.1 million in August, from a pace of 5.24 million in July. Sales had been expected to rise to an annual pace of 5.35 million, according to economists surveyed by Thomson Reuters. Lawrence Yun, the national trade group’s chief economist, said the drop may reflect delays in completing sales due to tough lending standards and new rules for appraisals. The U.S. median sales price was $177,700, down 12.5 percent from $203,200 in the same month last year.