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Wednesday, December 21, 2011

"Existing-Home Sales Continue to Climb in November" - Nice Headline But Real Estate is Local

I read an article this morning about existing home sales rose again in November 2011.   This was, of course, the big picture view presented by the National Association of Realtors®.

The Florida Today web site posted an article online this afternoon that “November posted the second-lowest total of existing homes sold this year and the lowest median price since March.”

Seventeen of Florida’s metropolitan statistical areas (MSAs) reported higher existing home sales in November 2011.  But, Brevard County home sales did not make the list.   Brevard County home sales have declined three months in a row.

So, when it comes to real estate, remember it is local.  Sure you will hear the big picture story but remember to dig a little deeper.

Gary L. Waters PLLC
Century 21 Baytree Realty
Rockledge, FL 32955

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