South Florida Real Estate Report – February 2024
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
March 22, 2024
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
February 1st, 2024 Mortgage rates dropped again this week reaching the lowest rate we’ve seen since May of 2023. The 15 year fixed rate mortgage dropped below 6% while the
Sales Still Sluggish, but Prices are Still Going Up in South Florida December sales volume was down again in December, ending a year of sluggish sales for the South Florida
Affordability is Primary Obstacle for Home Buyers in South Florida October was a difficult month for home buyers with both mortgage interest rates and median sales prices still on the
Mortgage rates trended down for the third straight week as new data indicates inflationary pressures are receding. The consumer price index slowed to 3.2% in October which is down from
Sales Volume is Still Down, but Inventory Ticks Up South Florida’s home sales were down again in September as housing supply remains low and interest rates continue their upward trend.
Inventory Levels Are Back to Normal for Ocean Access Homes This is an exciting time of year in the Fort Lauderdale area. The weather is starting to improve, the Fort
Median Sale Prices Continue to Rise as Sales Volume Slows South Florida’s housing market in August followed a similar trend to the previous summer months as year-over-year prices rose and
Single Family at Equilibrium, Condos Still in Short Supply The most popular segments in our real estate market are single family homes with ocean access, and oceanfront condos. We follow
Median Sale Prices Climb to New Record Highs in South Florida Our real estate market here in South Florida has once again proven to be a little different than the