The Real Deal Miami

Broward single-family prices rise 16 percent

May 10, 2012 10:30AM

The median sales price for single-family homes in Broward County rose to $180,000 in the first quarter, a 16 percent increase over the first three months of 2011, according to data from the Broward Council of the Miami Association of Realtors. Sales of existing single-family homes rose by 4.4 percent in the first quarter, while sales of existing condos dropped by 14 percent. The median sales prices for condos did rise as well, however, jumping 9 percent in the same period. “Broward County continues to see strong sales activity, which has resulted in consistent price appreciation over the last few months, including the first quarter of this year,” said Rick Burch, 2012 President of the Broward County Board of Governors of the Miami Association of Realtors. — Alexander Britell