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Elliman Report: Fort Lauderdale Sales 2Q 2017

The Fort Lauderdale market experienced more sales and faster marketing times this quarter. The number of condo sales increased 10.1% to 608 and the number of single family sales rose 10.9% to 591 respectively from the year ago quarter. Condo listing inventory edged up 0.4% to 1,445 and single family listing inventory fell 10.5% to 910 over the same period. As a result, the absorption rate, the number of months to sell all inventory at the current rate of sales was 0.7 days or 9% faster…

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