Fort Lauderdale Real Estate | Housing Numbers Say Housing Starts Dropped 10 % - Maybe this a good Thing ?

Posted by Eric Miller on Wednesday, June 23rd, 2010 at 8:06am.

Ft. Lauderdale Statistics are Looking Good  

If you are thinking of looking for Homes for Sale in Ft. Lauderdale you may want to speak to a local expert with local numbers. 

Yesterday people who follow national real estate trends heard a number that housing starts had dropped 10% last month and reacted with gloom and doom.  I know that the housing starts number is a reflection of employment in the construction industry and we need employment to start growing. However, wouldn't it also make sense that for exsisting housing inventories  to shrink, housing resales to pick up, and prices to stablize, starts would have to drop. In the Fort Lauderdale Real Estate Market the housing starts number has never been a measure of the health of our market. With little to no available land it is clear that our housing starts number is never going to be a huge measure of our real estate markets health.

Looking for Real Estate in the Fort Lauderdale Area - Some Numbers you need to see. 

Important Fort Lauderdale Real Estate numbers, that every potential buyer may want to see. In the past I have always stressed that real estate is a local conversation. If your thinking of looking for Homes for Sale in Ft. Lauderdale you may want to speak to a local expert with local numbers.

We have compiled these numbers from May 2009 - May2010. We think a 12 months sample and trend is important to look at. In compiling theses numbers we looked at many statistics, but in this article we think it best that we just share some key ones.

From May 2009 - May 2010 - Available Homes for Sale in Broward County dropped 28.3% (Inventory Dropped)

From May 2009 - May 2010 - Sold and Pending Sale numbers in Broard County increased 16.2% (Sales Increased)

Months of available inventory dropped in all catagories of Broward County Housing.

And the the numbers that everyone is waiting to see..........

From May 2009 - May 2010 - Average Sales price dropped 3% (Prices started to Stablize)

From May 2009 - May 2010 - Both the average dollar per sq. foot price and the median price of a home sold in Broward remained totally unchanged.

Interested in seeing in-dept analysis of market trends in any area of Broward County. Contact Eric Miller and Associates at www.FortLauderdaleGroup.com and we will be glad to send you the statistics that are most relevant to your area.

 

 

 

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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