Sales of existing homes in Broward County bucked the recent downward trend in October, but don’t assume South Florida’s housing slump is over.
Broward had 591 sales last month, a 5 percent increase over the 561 sales in October 2005, according to figures released Tuesday by the Florida Association of Realtors. It was the first year-over-year sales increase in Broward since June 2004.
While that might raise eyebrows, it does come with an asterisk. Hurricane Wilma affected the housing market last October, slamming the region during the last week of the month. Sales were canceled and postponed as buyers insisted on re-inspections and sellers scrambled to fix property damage.
