Especially Broward county shows the lowest monthly inventory since this website began recording relative inventory. (January 2008).
Prices: slight overall increases in Palm Beach County, absolute as well as per sf under air, but with a very high disconnect score of 178 between sellers' and buyers' price expectations.
In Broward, asking prices didn't move, but median selling prices went up a notch, while selling price per sf decreased a bit. Interesting: the seller/buyer price disconnect is the lowest of the counties observed, at 138 points and shrinking.
Miami-Dade, with a disconnect as high as in Palm Beach county, showed slightly higher asking prices but lower selling prices, probably due to buyers (or lenders?) shying away from unrealistic asking prices.
and the chart:
|South Florida home sales June 2011-2012 ©tckaiser/modernsouthflorida.com|
- Have a nice weekend, and until next time.