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 April. Here are statistics on single family homes.
“April was a great month for the Broward County Housing Market. We saw a double digit jump in closed sales and a 1.3% percent rise in median sale price,” said Ron Lennen, Immediate Past President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.
There were 1,541 closed sales in single family homes in April, an 11.8% increase year-over-year. The median sale price increased by 1.3 percent to $360,000.
“The supply of inventory grew 9.8 percent year-over-year to 4.5 months. The market is still favoring the seller, and as summer approaches, now would be an ideal time to list your home in the current market conditions,” continues Lennen.
Months’ supply grew 9.8 percent from 4.1 to 4.5 months. Active inventory increased to 5,910, which is an 11.6 percent year-over-year growth from 5,294.
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 email@example.com.