Prices Down Even with South Florida Home Sales Up

As more and more are snapping up properties sold at levels not seen in four years, falling home values continued to stimulate sales in October. But South Florida's housing market remains weighted down by a huge surplus of Miami homes for sale.

According to numbers released Monday by the Florida Association of Realtors, prices for existing single-family homes dropped 30% in Miami-Dade County and 29% in Broward Compared to October last year,. Also, condominium prices fell 26% in Miami-Dade and 28% in Broward compared to the same period a year ago.

Full Article...South Florida Home Sales Up