“The Broward County housing market ended summer just as hot as we expected! This area continues to be one of the most sought-after markets and top destinations to relocate to. As the market heats up, the appeal to invest in the housing market is increasing by the day, which has led us to another double-digit jump in median sale price to $495,000. It’s worth noting that closed sales were down for the first time this year at 2.8 percent. Despite the slight decrease in closed sales, the median time to contract was 12 days. Mix the short time to contract with the historically low interest rates and the increasing price of rent in South Florida, it’s becoming more apparent that the time is now to start the home buying process. Contact a local Realtor® today to hear their expertise on the current market conditions and how they can help you find your dream home in Broward County.”
Quote From: Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®
Looking to Buy, Sell or Rent? Contact Jason Taub – RESIDENT REALTOR® in Fort Lauderdale, Florida. Available 24/7.