February 24, 2013
WE'RE GOING TOP HAVE TO IMPORT A HECK OF A LOT MORE CONSTRUCTION WORKERS:
Home prices in Broward and Palm Beach counties continue rapid rise (Donna Gehrke-White, 2/22/13, Sun Sentinel)
Posted by Orrin Judd at February 24, 2013 10:41 AMThe median house price catapulted to $224,088 last month, up from $180,000 in January 2012, the group reported. The median price for condos and townhomes jumped even more -- 26.5 percent -- during the same period. Palm Beach County's median sales price of single-family houses also surged, up from $179,950 to $218,000.Overall, the housing market in South Florida continued to rebound with the number of closings, pending sales and new listings up for every sector --- single-family homes, townhomes and condos, Realtors in both counties reported. [...]A sign of a sellers' market: Inventory was down 26.5 percent from a year ago, with Broward houses only having a 3.8 months' supply.