Inventory Drop Fuels Slowdown In Sales | Fort Lauderdale Real Estate

Posted by John Sabia on Wednesday, May 30th, 2018 at 6:20am.

The effect of Low Inventory and Home Sales

Blog infographic - www.johnsabia.com

Worth Noting

  • 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 process, contact us today.

Disclaimer:The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. John Sabia PA and Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. John Sabia PA and Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

John Sabia

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