In Broward County, condominium sales increased seven percent from 1,416 in June 2010 to 1,511 in June of this year, according to the 24,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems. Single-family home sales increased by six percent in June, from 1,205 to 1,274.
In June, 61 percent of closed sales in Broward County were cash transactions. Cash sales accounted for 38 percent of single-family and 80 percent of condominium closings.
Statewide sales increased eight percent to 7,941 for condominiums and dropped four percent to 17,597for single-family homes. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops decreased 0.8 percent from May and remain 8.8 percent below June 2010, according to the National Association of Realtors (NAR).
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