Licensed in Florida Licensed Mortgage Broker
Here's what's happening to property values in our area. Check back each month and stay on top of market trends.
Inventory continues to drop!!
Figures from the MLS compiled by the REALTOR® Association Of Greater Ft. Lauderdale.
| June, 2010 | Average Price | Median Price | Available | Sold | Absorption Rate* |
| SINGLE FAMILY HOMES | $311,094 | $215,000 | 5896 | 717 | 8 |
| Change from last month |
9% |
-2% |
3% |
-4% |
0% |
| Change from this month last year | 9% | 2% | -21% | -4% | -20% |
| CONDOS | $128,835 | $78,000 | 8437 | 914 | 9 |
| Change from last month | 4% | -3% | 1% | -5% | 0% |
| Change from this month last year | 3% | -3% | -26% | 15% | -35% |
*Absorption rates are calculated by taking the number of active listings on the market and dividing by the number of properties sold to determine the number of months it would take to sell existing inventory at this rate. Note: The above statistics were compiled in early July. Additional sales for June may be reported that are not reflected.
Florida State Realty Group, Inc.
Florida State Mortgage Group, Inc.
790 E. Broward Blvd. Suite 102
Fort Lauderdale, FL 33301
Direct: 954-818-2924
Fax: 954-449-0344
MyRealtorMartin@MartinRubin.com
