Fort Lauderdale ranks #5 on Realtor.com's Top Ten Early Turnaround Town Report.
In addition to Fort Lauderdale, six other Florida Markets (Miami, Orlando, Fort Myers - Cape Coral, Sarasota and Lakeland-Winter Haven) dominate the Top Ten list based on Third Quarter 2011 data.
All these markets have experienced significant reduction in inventory, median price appreciation, and the length of time a property sits on market for sale.
In addition, Florida has a lower unemployment rate and the warm climate makes it an ideal location for a vacation-second home.
With the decline in the US dollar, Florida has seen a steady flow of Foreign buyers taking advantage of both their currency purchase power and the depressed real estate market scooping up properties…