Real Estate News

Prices, sales of Broward single-family homes, condos climb in March

A sign posted outside a home for sale in Pinecrest on Wednesday, June 10, 2015.
A sign posted outside a home for sale in Pinecrest on Wednesday, June 10, 2015. MIAMI HERALD/file

Prices of single-family homes and condos across Broward County continued on an upward swing in March, according to the Greater Fort Lauderdale Realtors.

Data show the median sale price of single-family homes rose by 2.9 percent in March, compared to the previous year, from $290,000 to $298,500. The March report shows a slight decrease from February, when the median sale price of a house was $299,000.

The median sale price of townhouses and condominiums rose at a larger clip than single-family home prices, browing at 5.8 percent from March 2015, from $130,000 to $137,500.

Sales were up, too, compared to March 2015.

Sales of single-family homes increased by 2.9 percent, from 1,399 to 1,440, while sales of townhouses/condos increased by 5.4 percent, from 1,544 sales to 1,628.

Foreclosure sales and short sales, on the other hand, continue to drop.

Numbers for the Miami-Dade housing market are due for release Wednesday.

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