Home prices in Broward continue to rise in April

May 20, 2016 11:55 AM

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Broward County was a sellers’ market in April, as the sale price of existing homes continued to rise and the number of days on the market fell, according to a Realtors report released Friday. But the outlook for the months ahead softened, with pending sales of single-family homes down from April 2015 while pending sales of condos/townhouses rose.

The median price of single-family homes jumped by 7.7 percent over April 2015, reaching to $310,000 from $287,900. The median price of town homes and condominiums rose by 6.3 percent year-over-year, with the median sales price jumping from $126,950 to $135,000. The report was released by the Greater...

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