Broward County Real Estate Market Update

The latest housing numbers from Broward County--

Highlites:  There are currently 9,081 properties on the market in Broward County--3,877 Single-Family Homes and 5,204 condominiums, which represents a 28.5% decrease from one year ago.  3.9 months supply—Remember, a 6-9 months supply is ‘normal.’

REOs (Foreclosures): Currently of the 9,081 properties—659 are REOs or foreclosures, which number is down 26.6% from one year ago and reflects a 1.3 months supply.  There are 1,495 Short Sales on the market, which represents a 52% decrease from a year ago—and a 3 months supply.

There are 6926 non-short sale, non-REOs properties on the market (non-distressed), which represents a 19.6% decrease from a year ago.

Inventory is decreasing significantly in Broward County.

Facts and Trends TM Published July 2012* Location:   Broward County Price Range:   $0 - No Limit SQFT Range:   0 - No Limit Property Types:   All Res. Proptypes - All Properties - All Properties Bedrooms:   0 - No Limit Full Baths:   0 - No Limit Half Baths:   0 - No Limit Year Built:   0 - No Limit

Prepared for you by: Amanda Wilson, Realtor

Number of Homes For Sale vs. Sold vs. Pended (Apr. 2011 - Jun. 2012)

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago   Jun. 12 May. 12 % Change Jun. 12 Jun. 11 % Change Apr. 12 to Jun. 12 Apr. 11 to Jun. 11 % Change For Sale 9081 9379 -3.2% 9081 12381 -26.7% 9402 13151 -28.5% Sold 2319 2517 -7.9% 2319 2683 -13.6% 2456 2603 -5.6% Pended 3401 3447 -1.3% 3401 2931 16% 3361 2997 12.1%