Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data for March. Here are statistics on single family homes.
“March was a decent month for the Broward County housing market. We saw healthy increases in median sale price and months’ supply of inventory,” said Ron Lennen, Immediate Past President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
The median sale price in single family homes increased 4.1 percent to $365,000. This is a $14,500 increase from the sale price in March of 2018. Supply of inventory grew 14.6% year-over-year to 4.7 months.
“Let’s not forget about the increase in closed sales. After three consecutive months of seeing decreases, we saw a 1.3 percent increase in closed sales. If you have been contemplating listing your home for sale, this is still a favorable time for sellers to move forward,” continues Lennen.
Broward County closed sales finally increased 1.3 percent to 1,355, the first increase year-over-year since November 2018. There was also a 13.7 percent increase in active listings to 6,051.
Realtors® of the Palm Beaches and Greater Fort Lauderdale is the 3rd largest local real estate association in the country. As one unified voice, RAPB + GFLR represents 30,000 Realtors®, 33,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, contact firstname.lastname@example.org.