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Fort Lauderdale real estate among most sought-after

Palm Beach County represents another strong South Florida market
  • Fort Lauderdale has benefitted from low oil prices this winter.
  • Two South Florida markets ranked among the top six nationally when it comes to having the best single-family housing sectors.
  • Fort Lauderdale has 4.3 months of existing single-family supply.

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Fort Lauderdale is considered by one source to be the second-best single-family housing market in the nation, while Seattle ranked first. According to a winter report from Ten-X, formerly Auction.com, the Florida city has one of the best combinations of rising home prices, favorable affordability and strong housing demand. Couple these factors with strong economic and demographic conditions, and there's tons of future demand for single-family homes. Ten-X cites recent year-over-year home price growth of 8.9 percent in Fort Lauderdale. Despite this price appreciation, values remain 22 percent below their pre-bust peak. At the same time home sales activity is up by 7.9 percent on a year-over-year basis. Cited as a destination city, Fort Lauderdale has benefited from low oil prices this winter, which boosted the leisure and hospital business and in turn aided employment and home prices. "The local economy continues to strengthen and reach new heights, fueled by job growt...