Tuesday, May 17, 2011

South Florida Home Sales Rise as Prices Continue to Drop

Driving down the streets of South Florida it's hard not to notice the number of homes for sale. 2011 may be the year that these homes are bought.

In the first 3 months of 2011, home sales in Palm Beach County increased 33% compared to 2010. Almost 2,600 homes were sold in the first quarter of 2011, and yet the median home price dropped 18% this year to $194,000.

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