South Florida’s Broward Co. bucks trend: Pending home sales up 17%

Pending home sales in Broward County, the county seat of Fort Lauderdale, rose 17% in August compared to August 2009, but were flat with July 2010 figures.
Sales rose from 6,705 to 7,845 when compared to the year-ago figure, according to the Miami Association of Realtors and the Southeast Florida Multiple Listing Service (SEFMLS).
The figure includes single-family homes and condominiums. Pending sales were up just 0.19% when compared to July figures. A sale is listed as pending when the contract has been signed but the transaction has not yet closed.
Contrary to national trends, which show home sales trending lower, the South Florida real estate market continues to strengthen, primarily due to the highest concentration in the U.S. of international buyers, the Miami association said in a news release.

To read more visit:
South Florida’s Broward Co. bucks trend: Pending home sales up 17%