FEB. 2021 SINGLE FAMILY HOME SALES DATA BROWARD COUNTY, FL.

By
Real Estate Agent with Sellstate Partners Realty

The most recent sales statistics for single family homes in Broward County, FL are out. Following are a few key statistics:  1,243 single family home sales closed in February 2021 compared to 1,004 in 2020; the median price of a single family home is now $433K versus $385K in 2020 and the number of new listings was virtually unchanged in Feb. 2021 compared to Feb. 2020.

 

There are two measures to gauge how quickly homes are selling: Days on Market (time between listing the property & going pending) and month's supply of inventory. Both of these measures were significantly lower in Feb. 2021 vs Feb. 2020. In Feb. 2021, days on market were just 22 days vs 56 days in 2020; and the months' supply of inventory was also lower at 1.7 months vs. 3.6 months in Feb. 2020.  

Will the dearth of available housing end soon? If Covid fears ease up and with continued low mortage interest rates, some housing experts believe that homeowners may be more willing to list their homes for sale in time for the Spring Selling season. However, low available housing inventory is expected to continue for the next quarter or two in 2021.

 

SOURCE: MIAMI BOARD OF REALTORS

 

 

Posted by

 Your blingual residential real estate guide. Certified Probate Real Estate Specialist (CPRES) and Certified Distressed Property Expert (CDPE).  Serving Pembroke Pines, Fl.  and surrounding communities.   


Dalia Kibby, PA
  Direct 954-610-7864| email me
website www.daliasellshomes.com | search for homes

 

If you are Buying, Selling or Relocating to the South FLorida area and need help from a professional REALTOR®, I would be happy to assist you! I also work with  estate Executers, Personal Representatives and Administrators .     Please visit my website for property searches, to sign up for free listing alerts and other information.   

 

Comments (3)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your Broward County Florida market update with us Dalia. Buyers & sellers in your area will appreciate the work you put into this. Have a great day!

Mar 19, 2021 02:34 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning and thank you Dalia for sharing this great market report for Broward County

Mar 20, 2021 08:16 AM
DALIA KIBBY
Sellstate Partners Realty - Cooper City, FL
Selling Broward County Homes with Passion!

Thank you for reading my blog & your comments. 😀

Mar 22, 2021 10:49 AM