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Houses stay for sale the longest in South Florida market
March 03, 2009

South Florida remains the toughest market in the nation for selling a house, even as big price declines here are attracting buyers.

The typical house in Palm Beach, Broward and Miami-Dade counties lingers for 193 days, according to a February report released this week by California real estate firms Real IQ and Altos Research.

That's up from 156 days last summer and well ahead of second-place Chicago, where the average house stays on the market for 180 days.

South Florida has had the nation's slowest sales rate every month since the survey began in 2007.
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