South Florida Real Estate Market Statistics

It is important to follow the real estate market statistics in your area to see the data and trends that emerge. For South Florida real estate market statistics, I have included the last four months of market reports for single family homes and townhouses/condos in Broward County and in the Tri-County area (Broward, Miami and Palm Beach Counties). These reports are provided by the Florida Realtors Association.

These monthly reports have data which includes closed sales, pending sales, new listings, average and median sales prices, months supply of inventory, closed sales by price and more.

September 2024 – South Florida Real Estate Market Statistics Highlights and Reports:

September 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $615,325 Median Time to Contract: 35 Days
Median Time to Sale: 75 Days Months Supply of Inventory 4.6 Months
*Townhouses/Condos (Broward): Median Sales Price: $281,500 Median Time to Contract: 48 Days
Median Time to Sale: 90 Days Months Supply of Inventory: 8.7 Months

September 2024 Reports:
September 2024 Single Family Homes, Broward September 2024 Single Family Homes, Tri-County
September 2024 Townhouses & Condos, Broward September 2024 Townhouses & Condos, Tri-County
September 2024 Closed & Median Sale Prices by Zip, Florida

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Past Three Months – Broward County Real Estate Market Statistics Highlights:

August 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $606,000 Median Time to Contract: 32 Days
Median Time to Sale: 73 Days Months Supply of Inventory 4.5 Months
*Townhouses/Condos (Broward): Median Sales Price: $275,000 Median Time to Contract: 56 Days
Median Time to Sale: 99 Days Months Supply of Inventory: 8.3 Months

July 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $625,000 Median Time to Contract: 30 Days
Median Time to Sale: 69 Days Months Supply of Inventory 4.4 Months
*Townhouses/Condos (Broward): Median Sales Price: $272,500 Median Time to Contract: 49 Days
Median Time to Sale: 93 Days Months Supply of Inventory: 8.0 Months

June 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $640,000 Median Time to Contract: 27 Days
Median Time to Sale: 67 Days Months Supply of Inventory 4.3 Months
*Townhouses/Condos (Broward): Median Sales Price: $287,500 Median Time to Contract: 45 Days
Median Time to Sale: 88 Days Months Supply of Inventory: 7.9 Months