Ten-X ranks Broward home market as nation’s best

The Monterra single-family home development in Cooper City (Source: Green Realty Properties)
The Monterra single-family home development in Cooper City (Source: Green Realty Properties)

Online real estate marketing platform Ten-X ranked Broward County as the best single-family home market among U.S. metropolitan areas in the third quarter.

Ten-X, formerly known as Auction.com, reported that the rest of the nation’s top five single-family home markets in the July-September period were Palm Beach County, the Tampa Bay area, Orlando and Las Vegas. The Miami area ranked ninth and Jacksonville tenth.

Single-family home prices in Broward are now the highest since 2007 but still 17.6 percent below the previous peak level, Ten-X said.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“Florida’s housing market continues to set the pace for the nation, with five of the top 10 metros on our report,” said Ten-X executive vice president Rick Sharga told the Daily Business Review.

Brisk growth in population and payroll employment have propelled the market for Broward homes. [Daily Business Review] — Mike Seemuth