FORT LAUDERDALE, Fla. - There is more positive news about Broward's real estate market. Prices rose year-to-year, according to the Greater Fort Lauderdale Realtors.
The association reported the median sales price of single-family homes surged to $270,500. That's up 25.8 percent from Aug. 2012. The median sales price of condominiums rests at $118,000 in Aug. 2013. That's a 36.8 percent spike from Aug. 2012.
"Sellers continuing to receive close to the asking price of their single-family homes, condominiums and townhouses, is an indication of a healthy and sustained housing market," said Charles Bonfiglio, president of the Greater Fort Lauderdale Realtors.
Copyright 2013 by Local10.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.