Broward home prices rise

The median sales price for single-family homes in the Fort Lauderdale metro area rose 5 percent last month, with the median condominium sales price increasing 6 percent, according to data from the Miami Association of Realtors. Condo sales jumped 21 percent last month, and single-family sales rose 19 percent compared to August 2010. “Broward County home sales and prices continue to rise, reflecting a healthy and stable real estate market,” said Terri Bersach, 2011 president of the Broward County Board of Governors of the Miami Association of Realtors. “Despite the high number of distressed sales, countywide prices are on the upswing, as buyers and investors are taking advantage of current affordability and other market opportunities.” — Alexander Britell