“We have a new high in median sale price for Broward County! In February, the median sale price rose 12.5 percent year-over-year to $433,000. Homeowners should be optimistic as their home values continue to reach new levels. Just like we did in 2020, we’re seeing a steady streak of the median price outperforming the previous year. The current inventory levels are the lowest we’ve seen in the past year with the months’ supply of inventory decreasing 52.8 percent to 1.7 months. What we’re seeing in our market is a vast decline in inventory levels which is leading to more buyer competition in the market. It’s a great time to invest in the real estate market as Florida continues to expand the vaccine eligibility and more Americans seek all that our state has to offer.”
Quote From: Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®
Looking to buy or sell your home? Contact Jason Taub today – Resident Realtor® in Fort Lauderdale, Florida. Available 24/7.