Tight supply, all-cash deals are hallmarks of South Florida residential market

From the May issue: Like the residential scene nationwide, strong demand keeps shrinking the supply of homes on the market — obviously not good for the scads of buyers out there. But the dearth of properties is driving up prices, making for very happy sellers.

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The region, though, is distinguishing itself from other parts of the country with its high number of cash transactions, nearly all by international buyers. [more]