The summer month are over and kids are getting back to school. The Greater Fort Lauderdale MLS has provided us access to the MLS Data which we included in our Fort Lauderdale Market Snap Shot for the month of August.
As you know you can download our monthly market report which creates a real estate market snap shot for the Fort Lauderdale Real Estate Market.
The activity report above shows you since 2005 the activity of each month. This report includes Fort Lauderdale Single Family Homes as well Condo and Town Home Sales. As you can see we are behind last year sales but had a small upswing in August of this year.
We also show you in the graph below Fort Lauderdale Real estate Sales for the month of August compared to each year.
To have a better understanding we show below sales of Fort Lauderdale area single family homes and Condo/ Town Home sales on separate chart. Both categories differ from each other significantly and have their own standing in the real estate market.
All data points that we are "bouncing" along the bottom and that we have a positive outlook for 2013. The lower price range in the Fort Lauderdale Condo Market have seen multiple offer situation. This points that supply has out market the demand. Well priced properties going fast.
To return to a healthy Fort Lauderdale Real Estate Market it is imperative that we return to where supply and demand reach a healthy balance.
All signs in the Fort Lauderdalereal estate market point to a positive turn around. Even so we have seen declining prices which helps in return to get buyers of the fence.If you are in the South Florida Real Estate Market let us help you in your particular situation to use the Fort Lauderdale Market Report to your advantage.