WIOD-AM Local News

 

Home Sales And Prices On The Rise In South Florida

Home Sales And Prices On The Rise In South Florida

The real estate market is picking back up.

Sales volume and home prices are both picking up as the real estate market gains steam after a winter slump.

The trend nationally is upward, with sales activity and median prices reversing a downward trend during the first quarter.

RealtyTrac Vice President Daren Blomquist says South Florida is among the top markets nationwide for home price increases -- eleventh in the country, in fact.

Last month's median prices in the tri-county area were up 21 percent from a year ago.

Foreclosed homes are also moving through the market, making up 30 percent of all sales in South Florida in the first quarter of 2014.

To see RealtyTrac's full March and Quarter One Residential and Foreclosure Sales Report, click here.

 

More Articles