South Florida’s existing homes sales showed gains again in June and July, with moderate-priced homes and condos seeing the most activity.

“The high end of the market, which is the most challenging, is beginning to show signs of activity. However, the most active segment of the market in Southeast Florida remains single-family homes under $250,000,” said Charles Richardson, regional senior vice president at Coldwell Banker.

Inventory in the $250,000-and-under price range is down to 5.7 months in Broward County and 7.8 months in Miami-Dade County. “This is good news compared to the 13-month inventory this past January,” Richardson said. [more]