Broward County Homes Prices Rise

Broward County - Home Price Trend

South Florida homes sold faster and for more money in November than they did a year ago, another indication that the housing market is recovering from the historic collapse.  Broward County's median price for existing homes last month was $210,000, a 9 percent increase from a year ago, the Greater Fort Lauderdale Realtors said Thursday.

Broward's median price has risen on an annual basis in every month this year.

The county saw 1,212 homes change hands last month, up 24 percent from November 2011. The homes sold in an average of 40 days, compared with 55 days last year. The market is transitioning back into a sellers market as supply is low in many submarkets of the county including Fort Lauderdale.