Broward County Real Estate Market Trends

Broward County Real Estate

Broward County

Single Family Homes

PeriodActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg. % of LP
Apr-196,3392,4001,9061,5094.20Sellers$456,69496.85%
Mar-196,1882,4671,8161,3944.44Sellers$440,74496.09%
Feb-196,2782,1801,4971,0006.28Balanced$440,86395.78%
Jan-195,7982,4531,2709396.17Balanced$444,34495.54%
Dec-185,9351,5111,1575.13Sellers$439,88194.20%
Nov-186,1601,9991,1941,1584.3Sellers$441,24794.3%
Oct-185,9132,0102,4371,3444.40Sellers$440,872 96.28%
Sep-185,6031,7142,5911,2014,67Sellers$424,166 96.43%
Aug-185,6041,9712,5451,6253.45Sellers$441,906 96.64%
Jul-185,3932,2931,4981,2784.22Sellers$444,36297.50%
Jun-185,2651,6521,5311,4073.74Sellers$474,21597.35%
May-185,6262,4651,9351,3884.05Sellers$457,72997.43%
Apr-18 5,657 2,363 2,197 1,267 4.46Sellers $453,202 96.60%
Mar-18 5,310 2,121 3,116 1,338 3.97Sellers $432,001 95.90%
Feb-18 5,270 2,008 2,893 1,024 5.15Sellers $437,771 96.00%
Jan-18 5,091 2,007 2,528 9795.2Sellers $453,087 95.40%

Broward County Single Family Home Sales Trends June 2018

 

Condos & Townhouses

PeriodActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg. % of LP
Apr-198,9012,5511,9141,5445.76Balanced$231,10895.92%
Mar-198,8072,5331,8911,5175.81Balanced$232,12396.14%
Feb-199,0192,5531,5661,1737.69Buyers$331,66994.65%
Jan-198,3713,0291,4331,1107.54Buyers$221,64795.79%
Dec-188,9012,5511,1231,2256.71Buyers$210,80793.10%
Nov-188,3162,2361,3001,3205.3Sellers$208,20693.5%
Oct-188,0342,3482,7041,5105.32Sellers$221,291 96.60%
Sep-187,7211,8982,7981,2516.17Balanced$218,146 96.22%
Aug-187,6332,1012,8081,5754.85Sellers$220,015 95.56%
Jul-187,4752,2281,4771,2575.95Balanced$212,44195.76%
Jun-187,5481,7471,5511,5854.76Sellers$271,86795.52%
May-188,3002,4761,9121,5005.53Balanced$232,48998.25%
Apr-18 7,845 2,582 2,563 1,476 5.32Sellers $225,872 94.50%
Mar-18 8,338 2,416 3,389 1,524 5.47Sellers $218,841 94.10%
Feb-18 8,322 2,396 3,217 1,252 6.65Buyers $220,316 94.40%
Jan-18 8,074 2,561 2,972 1,167 6.92Buyers $213,193 94.10%

Broward County Condo Sales Trends June 2018

This data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. Based on information from the © 2019 Realtors of the Palm Beaches and Greater Fort Lauderdale Mulriple Listing Service, Inc.

Legend

Active – Total number of listings available for sale. New – Total number of properties listed for sale in the month.
Pending – Total number of listings under contract. Sold – Total number of properties closed.
Average Selling $ – Total Dollar Volume in Month divided by Total Number of Properties Sold
Average % of LP – Median Percentage of List Price = Sales Price divided by List Price
Month’s Supply – Active Listings / Sold Listings in a given month
Market Favors – For South Florida, a Balanced Market has between 5.5 and 6.5 months of supply. Under 5.5 months favors Sellers, over 6.5 months favors Buyers.

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