Hello everyone! Ã‚Â I am honored to have the opportunity to share local Fort Lauderdale housing market information with you. Ã‚Â The latest data available reinforces a shift from a buyerÃ¢â‚¬â„¢s market to that of a sellerÃ¢â‚¬â„¢s market.Ã‚Â Popular indicators include the number of homes listed for sale and the amount of days a home was on the market before it sold, both of which continued to decline when compared to the same period last year.
Following is a recap of market data for Greater Fort Lauderdale / Broward County residential real estate, comparing February 2012 with February 2013:
- The number of Greater Fort Lauderdale / Broward County homes listed for sale decreased 18.2% (10,548 vs. 8,630).
- The number of Greater Fort Lauderdale / Broward County homes sold decreased 7% (1,975 vs. 1,836).
- The average amount of days a Greater Fort Lauderdale / Broward County home was listed for sale decreased 13.3% (90 vs. 78).
- The final sales price of a Greater Fort Lauderdale / Broward County home averaged 94% of the original listed price.
To read more about the housing market in Fort Lauderdale and nationwide, check out my full-length blog postÃ‚Â Fort Lauderdale Housing Market Trends – February 2013
This guest blog post is courtesy of Chad Gray and theÃ‚Â Luxury Living Fort LauderdaleÃ‚Â real estate group.
Our passion is helpingÃ‚Â clients buy, sell or rent fabulous homes in Greater Fort Lauderdale, Florida.