The effect of Low Inventory and Home Sales
- Existing Home Sales nationwide are currently at an annual pace of 5.46 million.
- Supply of existing homes for sale decreased to a four month supply, marking the 35th consecutive month of declines.
- The median price of homes sold across the country in April was $257,900. This is the seventy-fourth mont in a row of year-over-year gains.
As of today, there are currently 997 single family homes for sale in Fort Lauderdale and 1,573 Fort Lauderdale Condos for sale. There are currently 311 pending house sales (31%) and 408 pending condominium sales (26%). Median home Price year-to-date is $379,000 and $310,000 median price for a condo.
To begin the home-buying or home-selling…