ANOTHER MONTH OF INCREASED SALES

It has been said by some experts that the bottom will be reached when home prices reach 2002-2003 levels. That level was reached in November when the "median" price of single family homes in Miami-Dade County was $224,700 as opposed to $359,300 in November 2007. This is a 37% drop from the same month a year ago. According to The Florida Association Of Realtors this is slightly below 2003 numbers. Sales of homes actually rose 39% in November 2008 over sales for November 2007!