The Real Deal Miami

PB and Broward buyers scramble as inventory falls

August 24, 2011 09:37AM

Following the trend in Miami, inventory in Palm Beach County and Broward
County continues to fall, with Palm Beach seeing a 23 percent decline
and Broward showing a 36 percent decline, according to
“Bidding wars are everywhere,” said Chip Rowand of Keyes in Weston. Some
analysts expect more closed sales in the next weeks and months as a
large amount of distressed inventory begins to move through the system
again. In Miami, inventory
has dwindled
, led in no small part by cash-wielding buyers from
Brazil. [Sun