Total cumulative pending home sales in Broward County increased five percent in November compared to a year earlier, from 7,264 to 7,638, and decreased .20 percent, from 7,653, compared to the previous month according to the MIAMI Association of Realtors and the Southeast Florida Multiple Listing Service (SEFMLS).
“Affordability and favorable market conditions continue to have a positive impact on the South Florida real estate market,” says Terri Bersach, 2010 president of the Broward County Board of Governors of the MIAMI Association of Realtors. “Homes that are priced right continue to sell, as local buyers look for value.”
Pending condominium sales in Broward again performed better than that of single-family homes in November. Pending condominium sales in Broward were 12.2 percent higher than they were in November 2009, up from 3,870 to 4,343, and were .16 percent higher than they were the previous month, up from 4,336.
Compared to November 2009, Broward pending sales of single-family homes fell three percent, from 3,394 to 3,295, and decreased .7 percent, down from 3,317, compared to the previous month.