South Florida Real Estate Market Conditions – March 2007

The Florida Association of Realtors (F.A.R.) has released the sales reports for March 2007.  With the exception of sales of condos in the West Palm Beach/Boca Raton metropolitan area, all other areas and property types show a considerable decrease in the number of sales (22-45% less sales than a year ago).  This trend is part of what is fueling the current buyer’s market and causing inventory to reach levels not seen in many years.

*Median is the price at which half of the homes sold for more and half sold for less.

Source: Florida Association of Realtors (F.A.R.)

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