FL: Fort Lauderdale Home Sales, Prices Up in Third Quarter

Gay Fort Lauderdale Real EstateIn Broward County, sales of homes – including existing single-family homes and condominiums – increased 13 percent in the third quarter of 2011, from 6,498, a year earlier to 7,323, according to the Broward Council of the MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems.

Broward sales of existing single-family homes increased five percent in the second quarter compared to a year earlier. The sales of existing condominiums in Broward rose 13 percent compared to the third quarter of 2010. Statewide sales of single-family homes increased 12 percent while that of condominiums increased 13 percent. Nationally, total state existing-home sales, including single-family and condo, declined 0.1 percent compared to the second quarter of 2011 but were 17 percent below the third quarter of 2010.

“The Broward County market continues to strengthen as reflected by sales and pricing activity in the third quarter,” said Terri Bersach, 2011 president of the Broward County Board of Governors of the MIAMI Association of REALTORS. “The local area has recovered faster and stronger than the rest of the U.S., and we expect to set a news sales record in 2011, pointing to rising demand and stability.”

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