Jul 31 2016 19504 1 S Florida

Jul 31 2016 19504 1 S Florida

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 County is 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.


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Phone: 561-951-3759
Dated: July 31st 2016
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