South Florida Real Estate Market Conditions – July 2007

The Florida Association of Realtors (F.A.R.) has released the sales reports for July 2007.  When compared to June, the number of resale single-family home sales as well as the median sales price decreased in both Broward County and Palm Beach County but increased in Miami-Dade County – quite a change from last month when the Miami metropolitan area did not fare well.

The number of sales of resale condos and median sales prices decreased in the Fort Lauderdale and West Palm Beach metropolitan areas while the greater Miami area saw their numbers remain stable or increase.  Overall, it’s looking like Miami-Dade County may be coming out of the slump it’s been in.

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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