July 2020 Real Estate Market Update: Broward County

“Congratulations to Broward County for making a complete V-shaped recovery in July! This past month, we saw an increase in closed sales for the first time since COVID-19, closing out the month with 1,646 transactions. Meanwhile, historically low interest rates and inventory continue to push prices upward. In Broward County, median price has officially reached...

Congratulations to Broward County for making a complete V-shaped recovery in July! This past month, we saw an increase in closed sales for the first time since COVID-19, closing out the month with 1,646 transactions. Meanwhile, historically low interest rates and inventory continue to push prices upward. In Broward County, median price has officially reached $400,000, the highest we’ve seen in recent years. It is becoming increasingly clear that the housing market is exceeding what we saw pre-pandemic. Residents have every reason to be excited and should contact a local Realtor® today,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

Let’s get started with your home search!  Contact Jason Taub today – Realtor® in Fort Lauderdale, Florida.

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