Fort Lauderdale Real Estate Market Trends

Fort Lauderdale, Florida

Fort Lauderdale

Single Family Homes

Month-YearActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg % of List $
Oct-181,0973351811447.62Buyers$652,128 95.22%
Sep-181,0482881451656.35Balanced$532,434 95.14%
Aug-189872971741735.71Balanced$616,414 95.18%
Jul-189692941591526.38Balanced$594,27596.37%
Jun-189332061681964.76Sellers$739,96195.98%
May-181,2302892062215.57Balanced$806,44293.20%
Apr-18 1,010 2972091626.23Balanced $617,266 94.45%
Mar-18 1,075 3142212005.38Balanced $639,125 95.72%
Feb-18 1,194 3381841468.18Buyers $549,449 95.69%
Jan-18 1,293 3561831369.51Buyers $697,963 95.33%

Fort Lauderdale Single Family Home Trends - Avg. Sale Price

Fort Lauderdale Single Family Home Trends - Closed Sales

 

Condos & Townhouses

Month-YearActiveNewPendingSoldMonth's SupplyMarket FavorsAvg. Selling $Avg % of List $
Oct-181,4773961641758.44Buyers$545,497 95.35%
Sep-181,37831215513010.60Buyers$444,165 95.49%
Aug-181,2943061671986.54Buyers$427,795 95.63%
Jul-181,3532871501628.35Buyers$427,44195.03%
Jun-181,3782781693753.67Sellers$570,46697.00%
May-181,7003261892566.64Buyers$422,38698.76%
Apr-18 1,464 3592652156.81Buyers $467,758 94.85%
Mar-18 1,433 3862592366.07Balanced$444,811 96.70%
Feb-18 1,429 3962091867.68Buyers $475,353 94.35%
Jan-18 1,487 4352341629.18Buyers $437,075 93.72%

Fort Lauderdale Condo Trends - Avg. Sale Price

Fort Lauderdale Condo Trends - Closed Sales

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.