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PRESENTATION OF DATA 35 <br /> affordability; mortgage delinquencies; and employment. A score below 80 shows <br /> weakness, according to Freddie. A perfect score is 100. <br /> In the most recent study, South Florida ranked 27th out of the top 50 metros surveyed, <br /> improving two spots from the prior month and 14 spots from a year ago. <br /> The August Multi-Indicator Market Index showed South Florida — including Miami-Dade, <br /> Broward and Palm Beach counties — scored a 69.2, an increase of 11.43 percent from <br /> a year earlier. <br /> A year ago, South Florida's index score was 62.1. The area hit bottom in October 2010 <br /> at 42.2. Only Las Vegas (21.53 percent), Chicago (13.98) and Riverside, Calif., (11.99) <br /> had higher rates of improvement. Orlando was fifth at 8.70 percent. <br /> Housing trends in the South Florida market are as follows: <br /> • According to real estate agents, low mortgage interest rates and improving job prospects <br /> are bringing more traditional home-buyers to the table, even as many investors have <br /> pulled back amid higher prices. More South Florida home-buyers took the plunge in <br /> September, buoying sales of single-family homes and condominiums. <br /> • Properties are sitting on the market a bit longer than they did a year ago: In September, <br /> Broward condos sold in a median period of 50 days, up from 36 days; single-family <br /> homes sold in a median period of 38 days, up from 28 days. Miami-Dade residences <br /> also took longer to find a buyer. <br /> • Past-due mortgage payments and purchase applications remain weak across South <br /> Florida, but employment and affordability fall into the acceptable range, according to <br /> Freddie Mac. <br /> • Experts note that delinquencies have been hampered by the South Florida housing <br /> market recovery, and while those levels are still high, they are coming down sharply <br /> which is driving the big market movement in Miami. <br /> • Market followers insist this is not the start of another housing free fall. Rather, it is a <br /> necessary slowdown to prevent a future bubble. <br /> Highlights by County <br /> Miami-Dade County– Sales of existing single-family homes in Miami-Dade County rose <br /> 5 percent in September from a year earlier, with 1,166 closings. Existing condo sales <br /> also increased 5 percent year over year, totaling 1,425 closings, according to the Miami <br /> Association of Realtors. <br /> The median price of a single-family home in Miami-Dade rose 11 percent to $250,000 in <br /> September from a year earlier. For condos, the median rose 7 percent to $195,000 from <br /> Clobus, McLemore & Duke, Inc. <br />