Median Sale Price Continues to Soar in Broward County

Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data for July. Here are statistics on single family homes.

“In May, I pointed out that the median sale price was at $370,000, which at that time was the highest we’ve seen in a decade. I’m pleased to report that the median sale price has soared to $380,000 in July, a new high for Broward County!” said Ron Lennen, Immediate Past President of the Realtors® of the Palm Beaches and Greater Fort Lauderdale.

The median sale price increased 5.6 percent to $380,000 in July. This was the tenth consecutive month that Broward County saw a rise in median sale price.

“Investing in the current market conditions could be profitable as summer comes to an end. If you are interested in learning more about buying or pricing your home in Broward County, contact a local Realtor®,” continues Lennen. 

Closed sales increased 11.9 percent to 1,634 year-over-year. Closed sales are one of the simplest yet most important indicators for the residential real estate market. There were 284 closed sales paid in cash.

Market Reports: Broward Single Family | Broward Townhouses/Condos

Broward, Palm Beaches & St. Lucie Realtors® is the 3rd largest local Realtor® association in the country, representing 33,000 Realtors®, 35,000 MLS subscribers, and 5 regional boards across South Florida & the Treasure Coast. For more info, visit Rworld.com or contact Communications@rworld.com.