A lack of supply in available homes is slowing in South Florida, however, the shortage of listings keeps pushing prices higher as buyers have little choice but to pay more for what they want.
Sales of existing single family homes declined in August from a year earlier in Palm Beach, Broward, and Miami-Dade.
It was the second consecutive annual decline in Palm Beach and Miami-Dade counties and the fifth in a row for Broward county.
Sales have been unable to break out because there are simply not enough homes for sale. Median prices have been on the rise in the trip-county area region since 2012.
Buyers need to focus on ready,aim,fire. As a buyer you need to be pre-qualified and ready to go. Prices will continue to rise for a while, however,…