Fort Lauderdale sales prices up

Fort Lauderdale sales prices up
July 21, 2011 09:45AM

The median sales price for condominiums in the Fort Lauderdale metro area jumped 11 percent in June, with single-family sales prices rising 26 percent, according to a report from the Miami Association of Realtors. Condo sales in Broward County rose 7 percent in June, accompanied by a 6 percent increase in single-family sales compared to the same period in 2010. "Healthy sales levels in Broward County have resulted in reduced housing supply, which is indicative of a well-performing market," said Terri Bersach, president of the Broward County Board of Governors of the Miami Association of Realtors. "Prices have now caught up with rising sales, which is a very positive sign for the local real estate market." -- Alexander Britell