We published our inaugural report on the Fort Lauderdale, Florida sales market for 2Q 2012 . This is part of an evolving market report series I’ve been writing for Douglas Elliman  since 1994.
Fort Lauderdale, Florida
-Overall and luxury price indicators for condo and single family properties saw double-digit increases from prior year.
-Condo and single family sales were below year ago levels but were both the 5th highest quarterly total in more than 6 years.
-Waterfront homes were the only segment to post a year over year increase in sales.
-Days on market fell from year ago levels for both condos, single family and luxury properties.
Here’s an excerpt from the report:
CONDO/TOWNHOUSE Median sales price was up 21.2% to $209,000, from $172,440 in the prior year quarter. Average sales price and price per square foot showed similar double-digit gains over the same period. The number of sales declined 7.7% to 608 from 659 in the prior year quarter. With 1,035 listings at the end of the second quarter, the 5.1-month absorption rate was considered tight for the region…
SINGLE FAMILY Listing discount fell to 5.7% from 7.4% in the same period last year. Days on market was 113, 18 days faster than in the same period last year. There were 745 listings and as a result, the absorption rate was 5 months, considered fast relative to other markets in the region…
You can build your own custom data tables  on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!