BROWARD COUNTY HOME PRICES RISE 3 PERCENT IN JULY

Broward County’s median price for existing single-family homes hit $285,000 last month, a 3 percent jump from a year ago, the Greater Fort Lauderdale Realtors said Thursday.

In Palm Beach County, the median price was $280,000, 4 percent higher than July 2013, according to the Realtors Association of the Palm Beaches.

While prices are still on the rise, the increases have narrowed considerably in recent months, a trend that analysts expected. The gains now are closer to traditional norms, with homes typically appreciating in value at 3 to 4 percent a year.

Demand remains steady, with 1,516 Broward homes trading hands in July, 3 percent higher than a year earlier. Palm Beach County had 1,515 sales, up 15 percent.

Sellers are still in control across South Florida, but buyers are gaining leverage as homes stay on the market longer.

The July data show it took 37 days for the typical Broward home to find a buyer, up from 25 days in July 2013. In Palm Beach County, days on market rose to 55 from 53.

http://www.sun-sentinel.com/business/realestate/house-keys-blog/sfl-july-home-prices-link-20140821,0,4166353.story

For more info on Broward county Real Estate: http://www.WestBrowardRealty.com

#RealEstateFlorida

Prices rise 3% in July in Broward county

Prices rise 3% in July in Broward county

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s