Still more great news, June sales statistics…
Posted by fortlauderdalebeachrealestate on July 8, 2009
Wow, these numbers were just released yesterday. They have been improving every single month and are solid proof that our market in South Florida is recovering. Lots of great deals to be had and money to be made by investing in real estate.
New Listings
Single Family-1,632, 29% lower than 08′
Condo/Townhome-1,955, 23% lower than 08′
Total all property types-5,899, 24% lower than 08′
Total Available Inventory
Single Family-7,425, 40% lower than 08′
Condo/Townhouse-11,332, 27% lower than 08′
Total all Property Types-27,538 26% lower than 08′
Single Family Sold
750 closed sales, up 21% from 08′
Median sales price, $210,000, down 29% from last year
Condo/Townhome Sold
793 closed sales, 22% higher from 08′
Median sales price, $80,000, 45% down from 08′
Pending Inventory or homes under contract
Single family homes are up 88% over 2008
Condos are up 96% over 2008
Given our current inventory and sales levels, if there were to be nothing else listed , we have a 10 month supply of single family homes on the market(down 51% from the previous year) and a 14 month supply of condos on the market(down 41% from the previous year)
Jon
