Presents aren’t All That Buyers Will Be Spending Money on This Holiday Season
Friday, December 15th, 2006RISMEDIA, December 18, 2006—In spite of bleak forecasts on the part of some industry watchers, South Florida’s real estate market is relatively stable, making this a good time to buy according to the latest survey released by the Realtor® Association of Greater Fort Lauderdale (RAGFL).
RAGFL’s November sales figures reveal inventory remains at a healthy level, but the time homes spent on the market before selling kept pace with October’s decline, making South Florida residential real estate competitive for both buyers and sellers alike. Time on market for both single family homes and condo-townhomes show no change from October to November in sales closed between 30 to 121+ days. Meanwhile, available single family home inventory remained constant - 10,794 last month compared with 10,783 in October (0% change). The total number of single family homes sold also reflected no change, with 668 sales last month and 670 the month prior.




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