According to the Realtors Association of the Palm Beaches, Palm Beach County saw a 12% price increase in August 2012 over the previous year. The sales of homes (i.e., units) were up 8% during the same timeframe for Palm Beach County.
According to the Greator Fort Lauderdale Realtors, a similar trend happened in Broward County, which saw prices increase 13% on a year-over-year basis in August 2012. The sales of homes (i.e., units) were up 15% during the same timeframe for Broward County.
Sellers are enjoying the lower levels of inventory through higher prices. Palm Beach County home inventory was about 44% on a year-over-year basis in August 2012, according the the Sun-Sentinel. The newspaper reported Broward County saw less than half of the number of homes for sale in August 2012 versus August 2011.
I have mentioned my recent experiences with clients that are similar to what the numbers that are being reported are telling us about the South Florida housing market.
As a Realtor, I am aware of trends in the domestic market, as well as in the local markets throughout South Florida. If you are thinking of selling or buying a home, please feel free text me or call me at 561-247-3550.
For free home searches, please text me your name, e-mail address and phone number or visit my Web-site at http://homes.MYsouthFLrealestate.com
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Member of Who's Who in Luxury Real Estate
Lang Realty
561-247-3550
http://MYsouthFLrealestate.com
Referrals are appreciated and welcomed.
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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