National home sales, as reported by the National Association of Realtors for the month of July, were the best in several years.

SarasotaBradentonhomesalesspikeFriday, August 21, 2009

Home sales in the Sarasota-Bradenton market rose 30 percent during July as buyers scurried to lock in a tax credit of 10 percent of the purchase price, or up to $8,000.

Prices in the market were down 22 percent from a year ago at $179,500, but continued to show stability, rising 10 percent from $162,700 in June, according to data released Friday by the Florida Association of Realtors.

In Charlotte County-North Port, sales rose 24 percent in July, but the median sales price of $105,000 was down 26 percent from a year ago and 28 percent from June.

Statewide, home sales rose 37 percent, with the median dropping 24 percent to $147,600. That price was roughly flat with $148,000 last month.

Nationally, sales in July posted the largest monthly increase in at least 10 years, perhaps a sign that the U.S. housing market is rebounding quicker than expected. – (article by Tom Bayles & Aaron Kessler)

To read the entire article, please click here.

Related Links (Provided by, Florida Association of Realtors and the University of Florida Real Estate Research Center):