South Florida May Lead Statewide Housing Comeback
Although the overall U.S. housing market isn’t in the best shape the same doesn’t apply to the state of Florida. Three of the state’s leading economists stated that Florida’s real estate market will enter 2012 on an upward trend. One was quoted saying,
Our state is in a mini-recovery. Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.
And since the sales of condos and single-family homes are both up in South Florida’s urban centers, mainly due to international buyers, our region is leading the way. Miami had an increase of 48 percent in condo sales and 47 percent in single-family homes while West Palm Beach-Boca Raton saw an increase of 32 percent in condo sales and 26 percent for single-family home.
If you are interested in acquiring or selling real estate in the South Florida market call Urbanism Group at 888-784-9692.
Source: South Florida Business Journal