Davie Real Estate Market Update for June 2024
Overview of the Davie Real Estate Market
The real estate market in Davie, Florida, continues to show strong activity and resilience. June 2024 has seen significant movements in both pending sales and active listings, indicating a robust market with active buyer interest. Below, we delve into the key statistics and trends shaping the real estate landscape in Davie for June 2024.
Sold to Current Listings Percentage:
The ratio of sold to current listings stands at 65%, indicating a high turnover rate and a favorable market for sellers.
Total Number of Active Buyers:
There are approximately 600 active buyers in the market, illustrating a healthy demand for properties in Davie.
Current Listings in June 2024
There are currently 480 active listings in Davie, offering a variety of options for prospective buyers. The inventory includes single-family homes, townhouses, and condos, catering to diverse buyer needs and preferences.
Monthly Supply of Homes
The monthly supply of homes in Davie for June 2024 is currently at 2.5 months. This figure suggests a seller's market, where the supply of homes is lower than the demand, leading to quicker sales and potentially higher prices.
Days on the Market for Single-Family Homes
The average number of days on the market for single-family homes in Davie in June 2024 is 30 days. This quick turnover highlights the strong demand and the desirability of Davie as a residential location.
Sales Price as a Percentage of List Price:
On average, homes in Davie are selling for 98% of their list price, showcasing a competitive market where sellers are achieving close to their asking prices.
Pending Sales for June 2024
June 2024 has been a notable month for pending sales in Davie, with a total of 320 properties under contract. This reflects a dynamic market where buyers are actively pursuing properties despite fluctuating economic conditions.
Key Takeaways
- Pending Sales: 320 properties under contract in June 2024.
- Active Buyers: Approximately 600 active buyers in the market.
- Sales Price vs. List Price: Homes are selling for 98% of their list price on average.
- Sold to Current Listings: 65% ratio indicating high market activity.
- Days on the Market: Single-family homes average 30 days on the market.
- Monthly Supply: 2.5 months, signifying a seller's market.
- Current Listings: 480 active listings available.
Conclusion
The real estate market in Davie, Florida, remains vibrant and active in June 2024. With strong pending sales, a high ratio of sold to current listings, and significant buyer interest, the market is positioned for continued growth and activity. Buyers and sellers alike can benefit from the favorable conditions, making now a great time to engage in the Davie real estate market.
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