While Miami-Dade and Broward County both saw drops in year-over-year residential transactions last month, there is still some good news report regarding Florida’s real estate market. The state’s pending sales saw a year-over-year uptick, an indicator that activity has seen increases since the month of April.
Pending sales for Miami-Dade and Broward saw boosts year-over-year. Miami-Dade reported a rise of just over 33 percent in contract homes for single-family residences, from about 1,200 during June of last year to 1,820 in June of this year. The county also saw a rise in condos of nearly 13 percent, from 1,310 to about 1,500.
Broward’s pending sales rose by 21.2 percent in single-family homes — from 1,651 to 2,095 — and a small yet positive 1.6 percent in condominiums.
To read more about the numbers and sales, please visit https://www.miamiherald.com/news/business/real-estate-news/article244416272.html. If you need a hard money loan to purchase a South Florida single-family home or condo or if you need quick financing for real estate in other areas like Palm Beach and Orlando, Monroe Funding Corporation is here to help.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lenders Palm Beach or Orlando hard money lending, please call 954-816-0388 or fill out our application.