Broward County Home Prices Up 7%

 

 

 

 

 

 

 

You read it correctly.  The median price of homes and condos in Broward county rose 7% in January compared to the same time last year and that is according to the same time period last year.

Single family homes jumped 15% and condos fell 16% in the same period.  “The Broward County housing market is experiencing consistent strengthening and price appreciation as a result of robust demand and diminishing supply,” said Rick Burch, president of the Broward County Board of Governors of the Miami Association of Realtors. “Despite a significant percentage of distressed sales, prices continue to rise.”