Housing Market Trends

January 2021 Broward County Real Estate Market

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of…

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Housing Market Trends

November 2020 Broward County Sales

November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows again. These new records have provided encouragement for buyers to move forward on home purchases, which continued to remain strong overall for the month. New Listings decreased 10.4 percent for…

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Condo Tower Balconies

October 2017 Broward Real Estate Market

As we move into the busy season for Broward Real Estate, the market is healthy and buyers are out looking for the perfect home. Inventory levels for single family homes still are lower than previous years, with only 3.8 months supply. New listings in October 2017 were 8.1% higher than…

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September 2017 Real Estate Market Activity

Hurricane Irma hit South Florida on September 11th, and all market activity ceased for the remainder of the month.  Closed Sales and New Pending Sale listings dropped dramatically and were extended to at least October.  While damage to housing was not reported as extensive, widespread tree canopy debris and lack…

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Waterfront Condos With Docks

August 2017 Real Estate Market Activity

The Single Family housing market continues to suffer from a shortage of inventory.  The resulting supply has increased price levels across the county. The overall market statistics above are still somewhat skewed due to the large reductions in foreclosures and short-sale properties in both new listings and closed sales.  Closed…

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April 2017 Broward Real Estate Activity

Another month of activity continues to show overall reductions in Pending and Closed Single Family Home sales, yet increases in Median & Average Sale Prices.  Within 6 months, future overall comparisons to prior year data will be more normalized, as foreclosures and short-sales will be at near the same levels.  Inventory…

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Wilton Manors Real Estate Trends - April 2017

Wilton Manors Real Estate Trends – April 2017

Inventory in Wilton Manors continues to lag behind other surrounding areas.  The higher priced home values result in longer than average times to contract and for the past few months, a buyer’s market exists for single family homes. Price levels, while showing some increase over the past 12 months, are generally…

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Oakland Park Real Estate Trends – April 2017

The above chart show increases in Sales & Pending contracts.  New listings show a sharp drop, primarily due to large number of new listings in March 2017. Prices for Single Family Homes continues to improve showing increases over 2016. Condo sales on the decline, as investor sales continue to represent a…

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Aerial View of Canal Homes

March 2017 Real Estate Market Trends

The single family home market continues to show steady increases in both Median and Average Prices. The continuing reduction in both short-sales & foreclosure properties drastically alters overall results.  When only looking at traditional sales, Closes Sales increased by 19.3% over last year.  Pending Sales (homes that went under contract in…

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Wilton Manors Single Family Pricing - March 2017

Wilton Manors Real Estate – March 2017

Inventory for single-family homes are still at low levels, although demand is still high and edging upward. Pricing for single-family homes in Wilton Manors are increasing but at a slower rate than surrounding neighborhoods.  However, average and median prices are substantially higher in Wilton Manors than for similar sized homes…

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