Median price statewide drops to $242,500, from $250,400 a year ago; nationally, sales up a bit.

Florida’s single-family existing home sales dipped again in November and the median sales price slipped 3 percent, the Florida Association of Realtors reported today.

The 11,912 homes that sold statewide was down 30 percent from November 2005, about 1,000 fewer homes than changed hands in October, according to the preliminary survey totals. The median price — half sold for less and half for more — was $242,500, down from $250,400 a year ago.
The weakest metro area was Naples, with a 45 percent plunge in sales and the median falling 13 percent to $415,200. Metro Orlando sales also were weaker than the statewide average, down 36 percent to 1,705 homes sold. The median price was relatively flat, up 4 percent to $263,600.

The slight increases in sales were not enough to halt a slide in home prices. The median price for an existing home sold in November dropped to $218,000, down 3.1 percent from the price a year ago. It was the first time on record that sales prices compared to a year ago have fallen for four straight months.
Source:

http://www.sun-sentinel.com/news/local/southflorida/orl-bk-housing-122706,0,6446895.story