Broward had the most new signed contracts in August

South Florida Real Estate is experiencing an interesting situation. Broward had the most new signed contracts in August compared to its neighboring South Florida counties. Reported Miami Herald.

It’s no surprise, one Realtor said, with more buyers — both from out-of-state and Miami — searching for a sweet middle ground when it comes to density.

“Most of our buyers are not looking to go to a rural area. They feel that Broward is a compromise of having some of the advantages of a big city,” said Dan Teixeira, a Realtor for Douglas Elliman.

New signed contracts more than doubled year-over-year in Broward, by a 135.6% increase for single-family homes and a 161.1% growth for condos, according to the Douglas Elliman and Miller Samuel August 2020 report. Miami-Dade experienced a year-over-year increase of 18.5% for single-family home sales and by 2.2% for condos.

Read More: https://www.miamiherald.com/news/business/real-estate-news/article245452120.html