The number of closed homes sales is up in the month of Oct for both single family homes and condos. This is the first times we have seen year of year sales volume improve since interest rates started rising four years ago. Homes have become more affordable recently as interest rates have come down for their highs of close to 8% in the fall of 2023 to about 6.2% today for a 30 year loan. Prices for condos have dropped 7.5% in the past year and just a slight improvement of 0.6% for single family homes.
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Serving The Greater Fort Lauderdale area since 2006
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