Golf Outing Tickets

The Real Deal Miami

Broward County condo prices rise 12 percent

March 22, 2012 12:00PM

The median sales price of Broward County condominiums rose 12 percent in February, compared to the same month in 2011, according to data from the Miami Association of Realtors. Condo prices in Broward County have increased in 13 of the last 14 months, according to the MAR. The median sales price of single-family homes rose 8 percent in the same period. “As housing inventory in Broward County continues to decline, home prices are rising on a consistent basis, which points to further strengthening and stabilization in the Broward real estate market,” said Rick Burch, 2012 president of the Broward County Board of Governors of the Miami Association of Realtors. “The remarkable recovery of the South Florida housing market benefits the local community and will boost our improving economy.” — Alexander Britell