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Elliman Report: Fort Lauderdale Sales 4Q 2013

CONDO/TOWNHOUSE …There were 496 sales during the fourth quarter, 4.6% more than the prior year quarter. Inventory grew 12.2% to 1,085 listings over the same period resulting in a slight cooling of the absorption rate, the number of months to sell all inventory at the current pace of sales. The rate was 6.6 months, up from 6.1 months in the prior year period…

SINGLE FAMILY …There were 429 sales, 6.1% below the same period last year. Inventory expanded 8.1% to 830 over the same period. The decline in sales and rise in supply slowed the absorption rate. The absorption rate increased to 5.8 months from 5 months in same period last year…

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