Oceanfront Condo Market Watch – August 2024
Fort Lauderdale’s Condo Inventory Down, Median Prices Flat At the start of the season in early February, we had 13 months of supply in the oceanfront condo market. We now
August 9, 2024
Fort Lauderdale’s Condo Inventory Down, Median Prices Flat At the start of the season in early February, we had 13 months of supply in the oceanfront condo market. We now
Inventory levels on Fort Lauderdale’s waterfront are technically favoring buyers, but we wouldn’t call it a buyer’s market.
Sales Volume Down, Median Prices Remain at Record Highs South Florida home sales were down from last year and still well below the average June volume. It seems affordability and
July 26th, 2024 Mortgage rates have come down to their lowest levels since January of this year. The 15 year fixed rate mortgage dropped to just above 6% while the
Inventory Levels Continue to Grow Throughout South Florida A slower than average winter/spring season provided an increase in housing inventory throughout South Florida. This is a welcome event for buyers
Q&A On The New Buyer Representation Agreements As a result of the recent settlement by the National Association of REALTORS®, real estate agents will soon be required to enter into
Fort Lauderdale’s Oceanfront Condo Inventory is Varied We’ve been watching condo inventory carefully as many older condos go through milestone inspections and struggle to comply with new state condo regulations.
New Inventory is Absorbed During Busy Season Northeast Broward County Sales volume this season was still a bit below normal levels, but activity was still strong enough to absorb the
Median Sale Prices at Record Highs for both Single Family and Condos March is always a busy month for our real estate market, and while closed sales were down from
Median Sale Prices at Record Highs for both Single Family and Condos February sales volume was up month over month and year over year to kick off the winter buying
Inventory Levels Are the Highest in Years for Ocean Access Homes The winter season is upon us in South Florida and the demand for waterfront property is typically very strong
Oceanfront Condo Supply Increases Dramatically Just last summer our oceanfront condo market had less than 5 months of supply, making it a solid seller’s market. Things have changed dramatically since