Broward County Real Estate Market Trends

Broward County Real EstateBroward County

Single Family Homes

Month-YearActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg. % of LP
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

Month-YearActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg. % of LP
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

 

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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IF YOU ARE CONSIDERING BUYING OR SELLING PROPERTY, CONTACT ME AT 954-632-5100.