The Real Deal Miami

Broward condo prices rise 7.1 percent

April 23, 2012 09:45AM

Broward County condominium sales prices rose for the 14th time in 15 months in March, up 7.1 percent over the same month in 2011, according to a report from the Miami Association of Realtors. The median sales price for condos in March increased to $75,100, while the median sales price of single-family homes jumped 8 percent. “The Broward County real estate market continues to experience positive trends, as sales remain at strong levels, prices rise and inventory sharply declines,” said Rick Burch, 2012 president of the Broward County Board of Governors of the Miami Association of Realtors. “The resurgence of the local real estate market benefits the economy, the business community and residents at large.” — Alexander Britell