South Florida sees boom with 14,000 new apartments. Will that lower prices?
South Florida Sun Sentinel
Our 2024 President, David Serle, spoke with Sun Sentinel about the current state of Broward County’s residential real estate market. According to our July market reports, there were nearly 9,000 active listings of townhouses and condos in July throughout the county, as opposed to about 4,500 active townhome and condo listings in July of last year.
“In the next three to four months, you might see that average sale price come down a little bit, but prices are still pretty much remaining stable even in the condo market until it gets into closer to the eight, nine months of inventory,” David said. “That’s when you’ll see prices start to come down a little bit.”