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Broward County Real Estate Market Report: February 2024


Broward County Real Estate Market Report: February 2024

As we settle into the new year, let's dive into the latest trends shaping the Broward County housing market. This month, we leverage insights from Rocket Homes data showing a market finding its footing in a new normal.


Key Takeaways


Prices

With a median sold price of, $423,678, homes in Broward County have sold for 7.4% more than they did a year ago.


Inventory

The Broward County real estate market had 9,102 homes for sale in February 2024, a 17.0% increase compared to January 2024.


Days on Market

Homes in Broward County had an average of 55 days on market in Feb 2024, up by 14.1% compared to last year.


Closed Sales

A total of 848 homes were sold or pending in Broward County in February 2024, down by 2.6% month-over-month.


Selling Competition

You may be able to get a good deal. 73.5% of homes sold below asking price last month.


Buyers or Sellers?

Broward County is a Buyers’ Housing Market, which means prices tend to be lower and homes stay on the market longer.


 

What does this mean for you?


Buyers

This is an exciting time! With more inventory and potentially more flexible pricing, there's a higher chance of finding your dream home.


Sellers

Be prepared to showcase the unique value of your property. Partner with a trusted real estate professional to develop a competitive strategy that attracts qualified buyers!

Remember: The market is fluid, and these are general trends. For personalized insights and expert guidance tailored to your specific needs, reach out to the trusted team at Butler Title. We're here to navigate the currents and ensure a smooth, successful transaction, no matter the market conditions.


Disclaimer: This information is based on February 2024 data from Rocket Homes and does not constitute professional financial or real estate advice. The information is provided solely for informational purposes. If you wish to obtain legal advice specific to your circumstances, please retain independent counsel of your choice.


 

Upcoming Events


2nd Annual Miami Association of Realtors Night

Wed, Mar 20 | 5:00 PM EDT

Hard Rock Stadium


Jupiter Uptown

Paint & Sip RPAC Event

Thu, March 27 | 5:00 – 8:00 PM EDT

1695 W Indiantown Rd #12 Jupiter


Alternative Financing Solutions for Real Estate – 2 CE

Mon, Apr 22 | 10 AM - 12 PM EDT

20803 Biscayne Blvd #420


 


Butler Title is a full-service, attorney owned and operated title insurance agency. We keep it simple and focus on what we do best: real estate closings. From first-time buyers to local moguls, BT provides an industry-leading fee structure and unparalleled experience.


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