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It continues to be a tough market for prospective homebuyers in Broward County.
The latest inventory report from the Keyes Co. shows 11,582 homes and condominiums for sale in Broward. There are only 5,200 single-family homes available, less than half the amount from 2008 and 2009, Keyes agent Chip Rowand said.
Sellers who price their homes correctly are getting multiple offers, Rowand said. Many homeowners are staying put because they don't have any equity, he said.
The inventory isn’t quite so tight in Palm Beach County, where 19,643 homes and condos are on the market, according to Keyes.
Analysts expect a wave of bank-owned homes to hit the market this year, but so far that hasn't happened, agents say.
Courtesy Sun Sentinel
By Paul Owers
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