Fort Lauderdale sales prices up

The median sales price for condominiums in the Fort Lauderdale metro
area jumped 11 percent in June, with single-family sales prices rising
26 percent, according to a report from the Miami Association of
Realtors. Condo sales in Broward County rose 7 percent in June,
accompanied by a 6 percent increase in single-family sales compared to
the same period in 2010. “Healthy sales levels in Broward County have
resulted in reduced housing supply, which is indicative of a
well-performing market,” said Terri Bersach, president of the Broward
County Board of Governors of the Miami Association of Realtors. “Prices
have now caught up with rising sales, which is a very positive sign for
the local real estate market.” — Alexander
Britell