Local MLS Statistics for April 2006

The Realtor Association of Greater Fort Lauderdale, of which I am a member, has released their April MLS Statistics:

New Listings:

• Single Family: 2,908
• Condo / Townhouse: 3,527

Available Inventory:

• Single Family: 8,838 - (9% over March)
• Condo / Townhouse: 11,490 - (9% over March)

Average Sale Price:

• Single Family: $465,328 (-4% over March)
• Condo / Townhouse: $247,934 (-6% over March)

Median Sale Price*:

• Single Family: $354,300 (-4% over March)
• Condo / Townhouse: $210,000 (2% over March)

*The median sale price is the market price where half the homes sold for more, half sold for less.