South Florida saw a radical reversal in single-family home sales in September, and a recent drop in interest rates is being credited for the spike in the market.
All three South Florida coastal counties reported huge increases in home sales last month. Even more eye-popping: The condominium market also underwent a spectacular turnaround after struggling mightily the past few years.
The latest “Elliman Report” showed stunning increases in single-family home sales in Palm Beach County. There was a 497.7% jump in the year-over-year comparison for new signed home contracts in September…