Fort Lauderdale Home Sales January 2013

Fort Lauderdale Home Sales January 2013

The Fort Lauderdale Home Sales January 2013 report data are in, and we see promising sales. To see the overall market we look at closed sales, while they are an important indicator for the residential real estate market. In both markets, the single family home market (15.7%) and the condo market (10.7%),  sales in January 2013 have increased compared to January 2012.

Comparing the  average prices for single family homes we have an increase to $275,100 compared to $245,822 in January 2012. This is an overall increase of 11.9%. If we compare the condo market we see a similar increase. In 2013 the condo average sales price is at $ 150,364, an increase from 27.7% , compared to $117,714 in January 2012. Monthly supply of homes available in January are at 4.9 month. This indicated that we have a Normal Sellers Market in many areas.

Overview Fort Lauderdale Home Sales January 2013

Fort Lauderdale Home Sales January 2013

 

All signs point into the right the direction that the South Florida Real Estate market is in recovery. In the lower price range we have seen many times multiple offer situations. Almost 50% of all sales are closed to cash buyers.

It is not too late to get a good deal in today’s market as interest rates are still low. For a home seller it is a good time to sell since prices have increased and a home buyer still can afford and get qualified for a low interest rate.

We hope that this overall Fort Lauderdale Fort Lauderdale Home Sales January 2013 report gives you a better understanding and useful information to make an educated decision with your real estate transaction.