The momentum keeps building in the Broward County housing market! Closed sales increased 100.7% to 1,634 and median sale price rose 24.5% to $463,750 year-over-year. It’s safe to say that there is a ton of excitement happening in South Florida and homebuyers recognize the investment opportunity as the market continues to thrive.
The market stats for May are a great representation of how active the market has been. For example, the median time to contract for May 2021 was 12 days, which is a huge difference compared to the 33 days that we saw in May of 2020. People from all over the country are moving to our area in droves and Realtors® are here to help everyone with their housing needs.
If you’re looking to buy or sell your home, contact a local Realtor® so they can help you find your dream home at a price that fits your budget,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®