Fort Lauderdale Existing Home Sales Rise

This is contrary to the rest of the country’s decline in sales for May 2011.  Here is a breakdown of those numbers compared to May 2010 from the Florida Realtor’s Association:

  • Fort Lauderdale and surrounding associations were up 6% to 1,142
  • Miami was up 20% to 875 sales
  • Boca Raton/West Palm Beach were up 26% to 1,115

So what does this mean if you are buying a home in Fort Lauderdale?  I wouldn’t let these numbers dictate whether you should or shouldn’t buy a home.  It depends on whether you plan to stay in the home for the next 10 years and feel you are secure with your job.  It has to do with whether or not you are ready to be the one who has to take on the additional costs of owning a home if something needs fixed, etc.  Owning a home isn’t for everyone and you should always consult a mortgage professional to see what might be right for you.