South Florida resi sales boom in October, led by Palm Beach County
South Florida’s residential market continued its explosive resurgence in October, reversing a monthslong slowdown. Dollar volume in Miami-Dade, Broward and Palm Beach counties rose 14 percent to $4.8 billion, compared to $4.2 billion last October, according to Multiple Listing Service data collected by the Miami Association of Realtors. Still, the tri-county region’s condo market has been rattled by a glut of supply, and the median sale price for units dropped in both Miami-Dade and Broward. Miami-Dade County Total home sales in Miami-Dade County rose 7 percent, year-over-year, to 1,890 deals. For single-family homes, closings increased 7 percent to 887. Condo […]This article originally appeared on The Real Deal. Click here to read the full story.
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