The numbers are in for the Broward County Real Estate Market Update for March 2019:
Single Family Homes
The number of closed sales for Single Family Homes in March 2019 for Broward County Florida was up by 17 sales (1.3%) with 38 less closed All CAsh sales (-12.6.1%) as compared to March 2018. The Median Sales Price was $7,000 higher (4.3%) and Median Days To Contract was 3 days shorter. The total inventory for homes for sale was higher with 452 more properties (5.4%). The total months supply was up slightly at 4.7 months which is below the six month threshold. most experts agree six months is the base line for a balanced real estate market. The 4.7 months indicates the single family market is still tilted towards sellers.