South Florida Is Among The Top 20 Real Estate Markets For Home Searches

20 April 2012

According to recent statistics, Fort Lauderdale and Miami are among the top 20 real estate markets within the United States today as far as home searches are concerned.

Fort Lauderdale holds the seventeenth position while Miami holds the eighteenth. Meanwhile, the top searched real estate market in the country is Chicago.

Florida is found in the fifth top market within the United States and within the region, the Tampa-St. Petersburg-Clearwater area ranked the highest within the state.

In March 2012, the median list price for home properties within Fort Lauderdale have managed to reach $168,000 which marks an increase of 8.39 percent from median list prices collected in the previous year. As far as the median list prices for home properties within Miami, an increase of 22.27 has been observed from the previous year as median list prices are now found at $269,000.

Across the United States, the median list price for home properties are now at a value of $189,000 which marks an increase of 5.56 percent compared to the previous year.

Needless to say, such price increases have definitely been a result of today’s decreasing inventory levels which is true for both the Fort Lauderdale and Miami real estate markets.

Fort Lauderdale now has an existing inventory of 12,434 home properties for sale on the market which marks a decrease in supply of as much as 39.66 percent while the existing inventory within the Miami Florida real estate market is now at 11,914 which marks a 42.34 decrease in supply. Overall, the inventory levels for the home properties within the United States have gone down by as much as 21.48 percent.

Yaz Morgan
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