The Fort Lauderdale real estate market continued its upward march in October. The median price of a single-family home in Broward County rose 27.6 percent to $270,000 from $211,550 in October of last year. The median price of a condo increased 29.2 percent in the same time period.

Sales also rose 1.6 percent in October, even though inventory remained low. Sellers fetched closer to their asking price, and homes were on the market for fewer days, due to high demand and limited supply.

For more information on luxury real estate in South Florida, contact Seaside Properties Group at Douglas Elliman at 1-888-242-4422.

Source: Miami Herald