The Real Estate Market Statistics for June were just released.
June 2017 was a neutral market which means there were an equal amount of buyers and sellers. That is good news for Broward County home sales as many parts of the country are experiencing a lack of inventory.
In our current market, you can still find a home that fits your budget at affordable interest rates.
Broward County Residential Sales Summary (includes single family homes and condos)
HOMES FOR SALE AS OF JUNE 17, 2017 11,861 That is down 1.5% from May 2017
Number of Homes Under Contract (Pending Sales) 3,248 That is up 4.3% from last month
Number of Homes SOLD in June : 2733 That's down 8.6% from last month
Average Active Price: $589,000
Average SOLD Price: $326,000
Days on Market: 70
Median Price: $260,000
As of July 23, 2017 here are the latest Broward County statistics
For Sale: 11,781 which is down 1.7% from June 23
Pending Sales: 2141 which is down 14.3% from June 23
Closed Sales: 1281 which is down 23.4% from June 23
The slowdown from last month could be because we are in the height of our summer. Normally sales pick up in August as kids start heading back to school. We will see when I report the statistics in August and September 2017 for the Broward County Real Estate Market.
To see the most up to date listings visit: BrowardCountyHomesandCondosForSale. On the site, go to Listings Search and then more filters to search by city, neighborhood or zipcode. No need to register so discover the very best that South Florida has to offer at your fingertips.
Serving Broward, Palm Beach and Miami-Dade Buyers, Sellers, and Investors.
Thanks for visiting! Have a great week!