Broward County home prices have already hit their valley, and are now showing stability and potential for growth.
The Sun-Sentinel noted that median home prices in the country have yet to drop lower than the $165,100 the Florida Association of Realtors reported in January, and have hovered between $188,800 and $196,000 between May and September. That is a good indication of stability.
For comparison’s sake median home prices in Palm Beach County have been volatile, and most of South Florida in general has experienced price declines from a year ago. Not so in Broward.
“Most likely, we’re not going to see prices return to that low,” said Brad Hunter of research firm Metrostudy. [Sun-Sentinel]