The real estate market in South Florida is on the rise. Despite being hit hard over the last couple of years, the housing industry is rebounding in phenomenal ways. The Sun Sentinel recently put together some indicators of an improving real estate market in South Florida. Some of the most pertinent facts include:
- Broward County's median home sales price has increased by over 20% over the last month.
- Palm Beach County home sales are 35% higher than they were at this time last year.
- Investors continue to be attracted to the area. They are committed to buying real estate in South Florida.
- The housing market inventory is dropping, so sellers can expect more competitive buyers over the coming year.
This is an exciting time to be buying or selling real estate in the South Florida market. There are great opportunities for anyone who is looking to get involved. To discuss your housing and property options, contact the real estate professionals at Lang Realty. To get started, call 866.733.2214.