South Florida Real Estate Report – April 2023
Inventory Remains in Short Supply, Median Prices Continue to Tick Up While some media outlets continue to highlight that “closed sales are down”, the real story in South Florida real
Inventory Remains in Short Supply, Median Prices Continue to Tick Up While some media outlets continue to highlight that “closed sales are down”, the real story in South Florida real
Median Prices and Inventory Begin to Stabilize It was only a matter of time before we would see a correction to our waterfront property markets in Northeast Broward County. Demand
Sales Volume Recovers, Keeping Inventory Low Single family home sales in South Florida rebounded nicely in March. With 3,829 total closings for the month we were down only 15.7% from
Inventory Still Limited, Median Prices Still on the Rise Housing inventory remains in short supply across South Florida with months supply of inventory averaging only 3.3 months for single family
Median Sales Price Up 7.8% over Last Year While sales volume was down significantly from January of last year, the median sales price of a single family home in Miami
2022 Was a Wild Ride for Waterfront Homes and Condos 2022 was an interesting year for real estate across the country and the waterfront markets here in Fort Lauderdale experienced
Closed Sales Down 42%, Median Prices Up 3.9% in December There were only 2,619 single family home sales in South Florida (Miami, Fort Lauderdale and West Palm Beach) in December,
Sales Down by One Third, Median Prices Up 10% There were only 2,509 single family home sales in South Florida (Miami, Fort Lauderdale and West Palm Beach) in November, down
October 2022 Update – Single Family Ocean Access The demand for single family waterfront homes over the past few years has been unprecedented. Median sales prices skyrocketed as inventory was
30 Year Fixed Approaches 7% 30 year fixed rates settled just below 7% this week continuing the dramatic rise that started at the beginning of the year. Rates are at
Housing Inventory Increases Slowly through the Summer Market: Northeast Broward County – This updated market watch report covers Northeast Broward County real estate including Fort Lauderdale, Pompano Beach, Lighthouse Point,
From June 2021 to June 2022 mortgage interest rates have jumped about 2 percent. Historically that is an unusually high increase in rates and is difficult for many buyers to
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