Fort Lauderdale Property: Real Estate Market Update for May & June 2010

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Fort Lauderdale Property: Inventory Decreases in June.

May Home prices rise 1.3%: Case-Shiller Reported. Good News for Fort Lauderdale Property Sales

Nationally, single-family homes in 20 major cities rose a seasonally-unadjusted 1.3% in May; reported by Case-Shiller home price index on Tuesday, 27th 2010 by Standard & Poor’s. Nationally prices are up 4.6% in the past year. 19 of the 20 metropolitan areas tracked by Case-Shiller reported home prices have increased in May compared with April. After six straight declines May prices have increased. David Blitzer, chairman of the index committee at Standard & Poor’s, said the positive May report is a bit misleading. “A broader look at home price levels over the past year still do not indicate that the housing market is in any form of sustained recovery,” Blitzer said. Generally economists wait for 4 consecutive months before recognizing a trend change.

Fort Lauderdale Properties: Single-family June 2010 over June 2009 home supply of inventory decreased 35%, June 2010’s inventory was 51 units less than May.

Fort Lauderdale Property: June 2010 over June 2009 Fort Lauderdale Condo inventory supply decreased 45% or 760 units and 132 less than May 2009 according to Terradatum’s Clarus MarketMetrics, which is consistent with the Case-Shiller trends.

This news update was brought to you by Fort Lauderdale realtors Eileen Kedersha and William Kedersha. Search all Fort Lauderdale Homes for Sale at their Top Fort Lauderdale Real estate site.

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