a scarcity of homes for sale is rattling buyers, emboldening sellers and pushing prices higher in South Florida.
Analysts say a market balanced equally between buyers and sellers has a six-month supply of properties, meaning that's how long it would take to sell all of the homes if no more were listed.
At the end of June, Broward's single-family supply stood at a paltry 3.8 months, down from 4.9 months in June 2014, according to data from the Greater Fort Lauderdale Realtors.
Palm Beach Countyis slightly better off but still short on for-sale signs. The county had a 4.8-month supply at the end of June, compared with 5.8 months two years ago, the Realtors Association of the Palm Beaches said.
Author:Salvatore Defrisco Phone: 561-644-0052 Dated: July 31st 2016 Views: 60 About Salvatore: ...
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