Home Sales & Pending Sales Continue Upward | Inventory Falls

Posted by John Sabia on Friday, April 17th, 2009 at 9:33pm.

March 2009 Home Sales figures in Fort Lauderdale continue in positive territory. Closed Sales were up for for both single family homes and condos.  Pending Sales were up for single family homes, however, Pending Condo Sales were down slightly in March.  Total Inventory continues to shrink. Closed Sales for Single Family Homes for sale in Fort Lauderdale in March were up 30% from last month and up 19% from same time last year. March single family Average Sales Price is up 12% from February 2009, however, down 27% from last year.  A huge improvement from February 2009 versus February 2008 Average sales price which was down 42%.  Again, mainly due to the number of bank owned foreclosures and short sales. Single family Median Sales Price was up 3% in March over last month, down 27% from same time last year. Pending Sales for single family homes were up 3% over last month and up 86% over same period last year! Inventory for single family homes was down 5% in March over February and down 27% from last year. Closed Sales for Fort Lauderdale Condos were up 20% in March over February and up 5% from March 2008. Average Sales Price for condos was down 4% from last month and down 29% from same time last year. Median Sales Price was up 2% over last month and down 37% from March 2008. Pending Condo Sales were down 4% over February, however, up 61% from February 2008! Inventory for Condos is down 2% from last month and down 19% from last year. It is still too early to tell for sure if we've reached bottom, however, it certainly looks like we have.  We need to continue to monitor the next few months. If you are interested in condos for sale in Fort Lauderdale or buying a home in Fort Lauderdale, it may be time to consider stepping up to the plate.  Low interest rates, low prices and tax incentives may make it the right decision for you. Contact me at 954-850-2397 if you are considering a home purchase or if you are interested in selling your home. You can search Fort Lauderdale MLS available property listings including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales. February Home Sales Up, Pending Sales Up and Inventory Down Return to Fort Lauderdale Real Estate Home Page

John Sabia

3 Responses to "Home Sales & Pending Sales Continue Upward | Inventory Falls"

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Posted on Friday, April 17th, 2009 at 9:40pm.

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Posted on Monday, May 25th, 2009 at 8:11pm.

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Posted on Friday, July 24th, 2009 at 11:11am.

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