April Market Update

Palm Beach:

People are buying slightly more SFR over condos (and financing those condo sales a bit more).  Supply increasing slightly and it’s taking slightly longer to sell, and a miniscule number are choosing financing over cash. 

Broward:

Apparently, all the cash SFR buyers are moving to Broward though it is taking much longer to sell, maybe because of more inventory so people are shopping more.

The same hold for condo sales, though more expensive, there are fewer sales, greater inventory, and more of those purchased are financed.

Miami-Dade:

More SFR sales, and those few more were financed, and they were slightly more expensive. 

So everything is really holding steady, with more buyers moving toward financing over cash.  You know what I’m going to say, right?  You know a guy…