| Data sources |
Florida Association of Realtors Greater Nashville Association of Realtors |
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Data from the U.S. Census Bureau showed that District multifamily permits (non–seasonally adjusted) remained down sharply in December on a year-over-year basis but continued to abate, falling 41.6 percent. Declines were reported across the District. Nationally, permit declines moderated as well, dropping 39.8 percent on a year-over-year basis.
According to figures from the National Association of Realtors, sales of existing condominiums in the South Census region remained above the year-earlier level in December but softened notably, rising 40.7 percent following a 93.3 percent increase in November. The median condominium price softened further in the South, declining 9.1 percent compared with a year earlier, while nationally the median home price rose 1 percent, turning slightly positive for the first time in more than two years.
Florida
Data from the Florida Association of Realtors showed that condominium sales continued strong gains in December, rising 90.6 percent year over year following a 110.7 percent increase in November. The median condominium price improved slightly in December and was down 17.9 percent compared with a year earlier.
Condo sales in the Orlando market continued to outperform other Florida markets, rising 268.7 percent compared with a year earlier, the eleventh consecutive triple-digit increase for Orlando. December condo sales rose 126.3 percent in Jacksonville, 59.2 percent in south Florida, and 92.5 percent in Tampa on a year-over-year basis.
Georgia
SmartNumbers data indicated that Atlanta's existing condominium sales remained ahead of the year-earlier level in December, up 19.2 percent following an 80.6 percent increase in November. The median price of existing condominiums turned negative again, declining 11.2 percent after increasing 8 percent in November. New condo sales improved in November, rising 24.2 percent on a year-over-year basis following a 6.1 percent increase in October.
Tennessee
According to the Greater Nashville Association of Realtors, new and existing condominium sales rebounded in January on a year-over-year basis, rising 59.2 percent following a 1.6 percent increase the prior month. However, the median home price softened, increasing 4.9 percent compared with a year earlier following an 11.8 percent increase in December.
Data
