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 2019. Here are statistics on single family homes.

“The 2019 Year-End Market Report for Broward County reflects the strong numbers we’ve seen all year long. We see the trends of rising sale prices and declining inventory. The median sale price is $11,500 higher than in 2018 which is a good indication of healthy demand,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.

It’s important to remember that median sale price is our preferred summary statistic for price activity because, unlike average sale price, median sale price is not sensitive to high sales prices for small numbers of homes that may not be characteristic of the market area.

“Broward home prices have reached new heights, and there’s less competition among local sellers. Whether buying or selling, it’s essential to seek the assistance of a local real estate expert so he or she can help you receive the best deal possible,” continues Lowe.

Inventory decreases when new listings aren’t keeping up with the rate at which homes are going off-market. Active listings decreased 16.3 percent to 4,824 in 2019.

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.