Sales of existing condominiums in Florida increased by 11% during November 2010, with 5,411 condos sold state-wide compared to 4,860 units sold in November 2009 according to Florida Realtors®.

Higher existing condo sales were reported in thirteen of Floridas metropolitan statistical areas (MSAs) during November. The median sales price across the state increased by 7% over October to $88,200, however this is still 16% below November 2009 when the median sale price was $104,500.

A total of 11,900 single-family existing homes were sold statewide in November 2010, a decrease of 15% when compared to 13,961 homes sold in November 2009. Floridas median existing-home sales price in November was $132,700; a year earlier it was $139,300 a decrease of 5%.

Lawrence Yun, NAR Chief Economist, said: "The housing market is experiencing an uneven recovery. Still, sales activity is clearly off the bottom and is attempting to settle into normal sustainable levels. Based on current and improving job market conditions, and from attractive affordability conditions, sales should steadily improve to healthier levels of above five million by spring of next year."

According to the National Association of Realtors (NAR) the national median existing condo price was $166,000 in October 2010. Nationally the median sales price for existing single-family homes in October was $171,100, down 0.5% from a year earlier, whilst in California the median resales price was $304,220 in October; in Massachusetts it was $294,000; in Maryland $245,355; and in New York $215,850.