Home sales and prices increased last month in South Florida as the housing market continues to stabilize following a steady, four-year decline.
Broward County had 766 sales of existing homes in April, up 11 percent from 690 a year ago, the Florida Realtors trade group said Monday. Palm Beach County had 918 homes trade hands, a 35 percent increase from 681 last April.
Broward’s median price of $204,300 rose 7 percent from $191,300 a year earlier. Palm Beach County’s median rose 2 percent to $239,100.
Even existing condominium prices show signs of rebounding. Palm Beach County’s median condo price of $102,000 increased 4 percent from last April. Broward’s median condo price of $79,300 was down 1 percent from a year ago.
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