Housing market hot as buyers spring into action

Homebuyers continued their spring stampede in May.

Broward County had its most prolific month for home sales in 11 years with 1,527 existing single-family closings, up 14 percent from a year ago, the Greater Fort Lauderdale Realtors said Monday.

The median price of $290,000 was 4 percent higher than in May 2014.

In Palm Beach County, 1,739 homes traded hands, a 6 percent increase from a year earlier, according to the Realtors Association of the Palm Beaches. There were only four fewer sales in May than April, which was the county’s best month since June 2004.

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