The Real Deal Miami

South Florida’s time on market still tops U.S.

September 05, 2008 11:34AM

Houses take longer to sell in South Florida than anywhere else in the country, according to a recent survey by Altos Research and Real IQ. Houses in Palm Beach, Broward and Miami-Dade took an average of 160 days to sell in August. Tampa was a distant second at 129, followed by Detroit at 126. With a large inventory of available homes made even larger by the foreclosure mess, South Florida has led the survey since its inception last September.