June 2017 Market Stats

Market Stats for June 2017 – Broward County – Single Family Homes and Condominiums

Prices for homes and condos in Broward County are up YTY for June, while closed sales are down.  We attribute the lower number of sales to tight inventory along with quality issues.  Backing up this theory is the slight decline in market time.  List price to sale price ratio remains tight at 96% – no change YTY.   It’s a sellers market for single family homes with under four months supply of inventory.  The condo market is more balanced, with six months supply, however figures are skewed with plenty of junk on the market and quality homes still selling in a matter of weeks.