Covid-19 & Fort Lauderdale Real Estate Market #4

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Real Estate

Fort Lauderdale Weekly Market Update

Broward County and Miami-Date, Florida's 2 largest counties are finally preparing to re-open after being shut down due to the Corona virus joining the rest of the state that has already begun re-opening. Restaurants and retail stores will be permitted to open with restrictions of 25% capacity. Schools, theatres fitness centers, however, still remain closed. Visiting relatives in hospitals and nursing homes is still restricted.

Dean Trantalis, the mayor of Fort Lauderdale, stated the decision to re-open was made as the number of covid cases "dramatically declined." He stated the number of positive cases in the county dropped to 3.6 percent the week ending May 9 as compared to 13.4 percent the week ending April 11th.

Real Estate continues to take place with keeping in place the CDC guidelines for in-person showings.

Here are the latest numbers:

89 New listings added to the real estate market, down from 119 the previous week. There were 34 properties that closed, as compared to 52 closed sales the week before.  47 properties went under contract (pending a sale), a slight decrease from the previous week and 48 properties came off the market (expired, cancelled or withdrawn), significantly lower than the week before at 115 cancelled properties. 

 

All Properties:

Fort Lauderdale Real Estate chart  - Weekly Report May 4th, 2020

Single Family 

Fort Lauderdale Real Estate chart | Single Family May 4th 2020

Condos, Townhouses & Co-Operatives (Co-Ops)

Fort Lauderdale Real Estate chart / Condos May 4th 2020

* Sums may vary as numbers were updated in MLS after chart(s) created.

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We all get thru this challenging time and be stronger for it! We are here to help you whether you are looking to buy or sell now, or in the near future and want to be your reliable source for Fort Lauderdale Real Estate information.