MANATEE -- Sales of existing homes and condos were up in Manatee and Sarasota in May along with pricing.
Florida’s existing home and existing condo sales also rose in May, according to housing data released by Florida Realtors today.
Manatee and Sarasota homes sold in May were 1,079 compared to 1,029 in May, 2010, according to the latest data, a 5 percent increase. The average selling price for homes was $153,700, down from $166,400 a year ago, an 8 percent decrease.
Statewide, existing home sales increased 3 percent last month with a total of 17,228 homes sold statewide compared to 16,790 homes sold in May 2010, according to Florida Realtors. Statewide sales of existing condos last month rose 17 percent compared to the year-ago sales figure.
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Twelve of Florida’s metropolitan statistical areas reported higher existing home sales in May; 14 MSAs also had higher condo sales. It’s the sixth consecutive month that Florida Realtors has reported higher year-over-year existing home and existing condo sales statewide.