According to a report released by Realtor.com, Fort Lauderdale is number 5 on the list of the Top 10 Turnaround Towns in the country. Other Florida towns that made the top 10 include Miami (1), Orlando (2), Fort Myers-Cape Coral (3), Sarasota-Bradenton (6) and Lakeland-Winterhaven (7). Obviously this is good news for Florida and Fort Lauderdale.
The report stated “A decrease in inventory coupled with an uptick in prices earns Fort Lauderdale the number five spot on the report. Inventory decreased almost 38 percent year-over-year, according to Realtor.com’s October data report. Prices have fallen about 46 percent since 2006, but are now going up.”
Keep in mind, this report covers the entire Fort Lauderdale Market. If you’d like to see exactly what is happening in your neighborhood, check out our Local Market Watch Reports with specific data on 15 different segments within the Fort Lauderdale area.