Condos looking for a comeback in Florida

Demand is on the rise for existing condominiums in Florida, that is if sellers are willing to part with them for less money. Existing condominium sales were up 38 percent in the Tampa-St. Petersburg-Clearwater market in July and up 48 percent across the state, according to new figures released by the Florida Association of Realtors. There were 668 condominium units sold in the Greater Tampa area last month compared with 483 a year ago. The median prices in Tampa was $98,800, 33 percent off $147,300, and pretty much in line with the median price drop statewide from $168,700 to $108,300.

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