May 2021 Real Estate Market Update: Broward County

“The momentum keeps building in the Broward County housing market! Closed sales increased 100.7% to 1,634 and median sale price rose 24.5% to $463,750 year-over-year. It’s safe to say that there is a ton of excitement happening in South Florida and homebuyers recognize the investment opportunity as the market continues to thrive. The market stats...

“The momentum keeps building in the Broward County housing market! Closed sales increased 100.7% to 1,634 and median sale price rose 24.5% to $463,750 year-over-year. It’s safe to say that there is a ton of excitement happening in South Florida and homebuyers recognize the investment opportunity as the market continues to thrive. The market stats for May are a great representation of how active the market has been. For example, the median time to contract for May 2021 was 12 days, which is a huge difference compared to the 33 days that we saw in May of 2020. People from all over the country are moving to our area in droves and Realtors® are here to help everyone with their housing needs.”

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.

 

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