Houses in Palm Beach, Broward and Miami-Dade counties take 156 days to sell on average, longer than anywhere else in the country.
That's according to a report released this week on July sales by two national real estate firms.
Inundated with homes for sale, the tri-county region has topped the survey results since Altos Research and Real IQ started it last September.
South Florida's days-on-market barometer has increased to 154 in June from 152 in May, even though the number of houses for sale has declined slightly over the same period. There were 48,362 for sale in July, down from 48,662 in June and 48,949 in May.
Austin, Texas, was the easiest place to sell, at 78 days. Sellers in greater San Francisco needed 79 days. The report does not measure sales of condominiums.
Comments(0)