A 1-Year Change in Broward Housing Market

Property Sold Units Sold List Price Average List Price Median Sale Price Average Sale Price Median Total Price
January 2016 1161 $372,054 $289,000 $354,426 $281,000 $411,488,123
January 2017 983 $399,615 $319,900 $379,495 $310,000 $373,041,623
Broward single family home sales in January 2016 and January 2017
 
 1-year change: -15.33% 7.40% 10.69% 7.07% 10.32% -9.34%

 

 

I love numbers. They help understand the value of real estate better. As you see in this information provided above, you really can understand the that happened in last year. We see where housing market in Broward went from January 2016 to January 2017. There were 15% decrease in sold houses. The average sale price had increase almost 11% from $354,426 to $379,495. Does it mean, that people are willing to pay more for the house, because less properties are available, and more buyers are competing for the same house? Or maybe because the economy is improving, and people are willing to pay more for the house they want?

The numbers I used to make this table were extracted from the Greater Fort Lauderdale MLS. The numbers are deemed reliable but not guaranteed.

If you would like more information about home sales in Broward County, please visit Local Market Conditions and Home Prices category.