The Real Deal Miami

Home sales slowest in U.S.

October 10, 2008 10:26AM

Properties in Palm Beach, Broward and Miami-Dade counties are the slowest selling in the nation. Houses here stay on the market an average of 167 days, according to a September report issued this week by real estate firms Real IQ and Altos Research. South Florida has led the survey since it was started a year ago. Recent Wall Street woes mean the problem will persist, says Mike Simonsen, CEO of Altos Research.