South Florida's residential real estate market showed signs of recovery with increased condo and single-family home sales in September, the first rise in over two years. Condo sales rose notably in Palm Beach, Miami-Dade, and Broward counties, with median prices up. Falling mortgage rates, now around 6.2%, are boosting buyer demand. Pending sales and reduced condo inventory suggest growing market momentum, signaling a potential turnaround.
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