South Florida Real Estate Market Conditions – April 2007

The Florida Association of Realtors (F.A.R.) has released the sales reports for April 2007.  Compared to last month, the number of single-family resale homes in all three South Florida counties has decreased.  At the same time, the median sales price for single-family resale homes has decreased slightly in the Fort Lauderdale metropolitan area while it remained about the same in Palm Beach and Miami-Dade counties. 

Sales of resale condos in Broward and Miami-Dade counties has picked up while remaining about the same as last month in the West Palm Beach metropolitan area.  Meanwhile, the median sale price of resale condos in Broward and Palm Beach Counties has increased slightly while the Miami metropolitan area’s resale condo sale prices has experienced a dip of approximately 9%.

Current Market Statistics

*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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