Market Segment: Oceanfront condos in Fort Lauderdale, Lauderdale-by-the-Sea, Pompano Beach, Hillsboro Beach and Deerfield Beach.
As we move into the height of the winter season, closed transactions in the oceanfront condo market are up 17.4% compared to last year, a strong indication that buyer demand has returned. While inventory remains elevated at nearly 14 months of supply, our index still points to a balanced market with a slight advantage for buyers. At the same time, prices are down 4% year over year, and interest rates have fallen to three-year lows, creating a compelling opportunity for winter-season buyers.
| Sales per Month | Months of Supply | *Waterfront Index | Market Condition |
|---|---|---|---|
| 53.4 | 13.5 | 45 | Market Equilibrium |
Buyer's Market
1-33
Market Equilibrium
34-67
Seller's Market
68-100
*The Waterfront Index is calculated using a proprietary methodology and offers consumers a concise view of overall market conditions.
*The trailing six-month analysis is the most statistically reliable method for evaluating sales activity in smaller local market segments.
**Data compiled, analyzed and curated by By The Sea Realty. Source: Beaches MLS. Waterfront Index methodology is proprietary.
