Fort Lauderdale Market Update | Broward County March 2019

Posted by John Sabia on Monday, April 22nd, 2019 at 3:56pm.

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.

Condos & Townhouses

The number of Closed Sales for Condominiums & Townhouses in March was down 50 sales (-3.3%) as compared to March 2018. There were  86 fewer All Cash sales registered (-9.7%). The Median Sales Price was up by $2,000 (1.3%) and Median Days To Contract was 11 days shorter (-19%). The total inventor in October for condos for sale, was 328 more properties (4.3%). The total months supply was up slightly to 6.3 months which indicates the condo market has shifted slightly towards Buyers.

graph of Broward County Market Update - March 2019 - Johnsabia.com

For help with navigating the home-buying or home-selling process, give us a call/text or contact us today.

 

John Sabia

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