April 2017 was a Buyers Market for Single Family Homes In Broward County, Florida
From the graph below, please note some important statistics:
The number of closed sales was 1400 in April.
The median sales price was $330,000 (up 6.5% from last year)
Time from Listing Being Placed On the Market Until Under Conract: 39 days!
From Contract to Closing Date the number of days was 84
The supply of inventory available is 3.9 months which creates a demand for properties.
The benchmark for a balanced market is 5.5 months of inventory.
The table below shows the breakdown of closed sales by price: As you can see the strongest price range is between $300,- $399,999. The second strongest is from $400,000 to $599,999.
Looking to buy or sell your home? For the most up to date market information please email me at : janice@janicezaltman.com . We can send you a list of properties that match your criteria right to your inbox. Or check out my website.
Keep on the lookout for the upcoming May Market Reports!
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