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Sale prices for existing homes and condos in South Florida real estate market rose in the second quarter of this year. But the amount of increase is not as much as sellers had been hoping for. Nevertheless as compared to the previous year, the cumulative sales of South Florida real estate plunged according to statistics from the Florida Association of Realtors. Housing analysts are positive about the strength of the South Florida real estate market; however, the current trend seems to suggest that the South Florida luxury property market is experiencing a fall off. The numbers indicate that home sales have dropped by at least 30% in Miami-Dade, Broward and Palm Beach counties. Condo sales also generally declined, by 44% in Palm Beach County, 33% in Broward and 23% in Miami-Dade.
