Fort Lauderdale Real Estate Market Update
Single Family Market Update: For the month of July, there were 143 cosed sales for single-family homes in Fort Lauderdale. The median sales Price was $397,000 while the average sales price was $769,364. Total dollar Sales volume for the month of July was $110,018,985. The percentage of sales price as compared to the original list price was 91.9%. The median time to contract (middle number of days from listing to contract) In July was 97 days.
Pending sales during the month totaled 131. During the same time, there were 174 new home listings with a total single family inventory of 679. Months of inventory was at 5.7 months (six months is considered a balanced market).
Condo-Townhouse Market Update: In July there were a total of 135 closed sales for condos and townhouses in Fort Lauderdale. The median sales price $311,250 while the average sales price was $432,042. Total dollar sales volume in July was $57,894,773. The percentage of sales price as compared to original list price was 91%. The median time to contract was 114 days.
Pending sales for condos & townhouses in July totaled 141. There were 221 new condo listings added for a total inventory of 1034 representing 7.1 months of inventory (slightly in favor of buyers).
Start Your Fort lauderdale search here:
Fort Lauderdale Neighborhoods