The Broward County housing market continues to show its resilience, with steady growth and a healthy inventory for both buyers and sellers. Stay informed about the latest trends, so you can make the best decisions for your real estate journey.
Key Takeaways
Prices
With a median sold price of, $427,461, homes in Broward County have sold for 8.2% more than they did a year ago.
Inventory
Broward County had 9,551 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Days on Market
Homes in Broward County had an average of 53 days on market in Mar 2024, up by 4.5% compared to last year.
Closed Sales
A total of 1,081 homes were sold or pending in Broward County in March 2024, up by 8.6% month-over-month.
Selling Competition
You may be able to get a good deal. 70.8% of homes here 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.
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