Growing demand for existing home sales in Broward and Palm Beach counties

Posted on Tuesday, August 26th, 2014 at 5:26pm.

The median existing home price in Broward County hit $285,000 last month, a 3 percent increase, year-over-year, the Greater Fort Lauderdale Realtors announced.

And in Palm Beach County, the median price for a home reached $280,000, a 4 percent jump from July 2013.

Even though prices went up, the increases have shrunk considerably in recent months, according to the Sun-Sentinel.

Demand remains strong, however, with 1,516 Broward homes trading in July, 3 percent gain over last year. In Palm Beach County 1,515 homes sold in July, a 15 percent increase.

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