Florida Home Sales and Prices Dip in November

According to a report released Wednesday by the Florida Association of Realtors, sales of existing single-family homes in Florida dropped 15 percent in November compared to a year ago, and prices fell along with them. The median sales price for a home was $132,700 last month, down 5 percent in the year-over-year comparison.

Condominium sales rose 11 percent, but were bought at much deflated prices from last year. The median sales price for condominiums was $88,200, down 16 percent from November 2009, but up 7 percent from October.

The report states that the temporary freeze on foreclosure filings adopted by some mortgage companies in response to the "robo-signing" controversy delayed some sales.