July Market Updates; Broward, Miami & Palm Beach Counties

How can prices rise when (sales) transactions fall? Because the Southeast Florida market has the highest percentage of cash sales in the U.S., 60%, there is less debt and sellers don’t have to sell. Also Florida¬†inventories remain tight among listings priced less than $1m. Buyers are optimistic and view the U.S. as favorable, 66% of Boomers say real estate market is good, 76% of Millennials are optimistic and say home ownership is central to the American Dream.

Broward County Housing Market

Miami Housing Market

Palm Beach County: 04-2016-pbc-local-market-update

July New Home Sales jump 12.4%

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