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.
March 2024 – South Florida Real Estate Market Statistics Highlights and Reports:
March 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $607,000 Median Time to Contract: 35 Days
Median Time to Sale: 71 Days Months Supply of Inventory 3.9 Months
*Townhouses/Condos (Broward): Median Sales Price: $288,750 Median Time to Contract: 39 Days
Median Time to Sale: 77 Days Months Supply of Inventory: 7.2 Months
March 2024 Reports:
March 2024 Single Family Homes, Broward March 2024 Single Family Homes, Tri-County
March 2024 Townhouses & Condos, Broward March 2024 Townhouses & Condos, Tri-County
March 2024 Closed & Median Sale Prices by Zip, Florida
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Past Three Months – Broward County Real Estate Market Statistics Highlights:
February 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $625,000 Median Time to Contract: 40 Days
Median Time to Sale: 76 Days Months Supply of Inventory 3.8 Months
*Townhouses/Condos (Broward): Median Sales Price: $290,000 Median Time to Contract: 43 Days
Median Time to Sale: 81 Days Months Supply of Inventory: 6.8 Months
January 2024 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $575,000 Median Time to Contract: 38 Days
Median Time to Sale: 76 Days Months Supply of Inventory 3.7 Months
*Townhouses/Condos (Broward): Median Sales Price: $275,000 Median Time to Contract: 42 Days
Median Time to Sale: 80 Days Months Supply of Inventory: 6.2 Months
December 2023 Market Statistics:
*Single Family Homes (Broward): Median Sales Price: $570,000 Median Time to Contract: 28 Days
Median Time to Sale: 66 Days Months Supply of Inventory 3.4 Months
*Townhouses/Condos (Broward): Median Sales Price: $275,000 Median Time to Contract: 35 Days
Median Time to Sale: 75 Days Months Supply of Inventory: 5.3 Months
Past Three Months Reports:
February 2024 Reports:
February 2024 Single Family Homes, Broward February 2024 Single Family Homes, Tri-County
February 2024 Townhouses & Condos, Broward February 2024 Townhouses & Condos, Tri-County
February 2024 Closed & Median Sale Prices by Zip, Florida
January 2024 Reports:
January 2024 Single Family Homes, Broward January 2024 Single Family Homes, Tri-County
January 2024 Townhouses & Condos, Broward January 2024 Townhouses & Condos, Tri-County
January 2024 Closed & Median Sale Prices by Zip, Florida
December 2023 Reports:
December 2023 Single Family Homes, Broward December 2023 Single Family Homes, Tri-County
December 2023 Townhouses & Condos, Broward December 2023 Townhouses & Condos, Tri-County
December 2023 Closed & Median Sale Prices by Zip, Florida