There are two housing markets: the starter or trade-up market & the luxury home market. The graph below compares the present market to March 2018 and shows that the starter home market continues to have strong demand, driving prices up & selling quickly. Meanwhile, the luxury home market has more available housing inventory (up nearly 20%) with the homes taking longer to sell than starter homes. Since these are national statistics, it's important to know at what point a home is considered a luxury or premium home in your local market. In South Broward, single family homes priced up to $400,000 sell very quickly, especially if they've been well maintained.
Check out the following graph for more interesting statistics:
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