South Florids'a Housing Market Keeps Getting Better

South Florida's housing market keeps getting better, at least for sellers.
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Strong demand and a shortage of available homes helped push prices higher in October. Broward County's median sales price for existing homes last month was $211,000, a 16 percent increase from a year earlier, the Greater Fort Lauderdale Realtors said Monday.

Broward saw 1,198 homes trade hands, up 21 percent from October 2011.
Palm Beach County's median price was $222,500, a 23 percent increase, according to the Realtors Association of the Palm Beaches. The county posted 1,159 home sales, a 22 percent jump.
Existing condominium prices also increased, hitting $90,000 in both Broward and Palm Beach counties. Condo sales rose 17 percent in Broward and 15 percent in Palm Beach County.

Fla.’s housing market continues positive trends in Oct. 2012

Fla.’s housing market continues positive trends in Oct. 2012

Related: NAR: Existing-home sales rise in Oct. with price, equity gains.

ORLANDO, Fla. – Nov. 19, 2012 – Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in October, according to the latest housing data released by Florida Realtors®.

“With Thanksgiving just around the corner, we have a lot to be thankful for here in Florida,” said 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “The state’s latest unemployment rate fell to 8.5 percent, the lowest in nearly four years – and combined with the momentum of the housing market, it clearly shows that Florida is on a positive path and has been for months. Pending sales, closed sales and prices are trending up.”