18 November 2011

Florida Real Estate Markets dominate Top-10 Turnaround Report

Miami was the top "turnaround town" in the country in the third quarter, according to a report from Realtor.com. The rankings look at median price appreciation, reductions in age of inventory and inventory counts, along with unemployment rates.

Miami has one foreclosure for every 407 homes, an improvement over the national rate of one out of every 213. Condo sales have also increased 79 percent in the first five months of the year.

Six Florida markets were included on the list, with Fort Lauderdale ranked fourth.

Read on at Realtor.com (via theRealDeal.com)

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