Condo and home buyers may have an edge on sellers in South Florida. Average prices fell in July from a year ago while more owners were listing their properties for sale.
“A healthy balance” is how the Miami Association of Realtors described the number of single family homes for sale when compared to the pace of sales in July. That “healthy balance” is a consequence of more properties for sale and a slowdown in the number of homes sold.
Average prices for homes in Miami-Dade, Broward and Palm Beach counties have been easing lower on an annual basis in recent months. Far from a crash, average single family home prices have been relatively stable even as average condominium prices have fallen to some of their lowest levels in almost two years…