Broward County Monthly Market Snapshot

“We’re continuing to see inventory improvement in Broward County. Listings have risen consecutively for the past three months. In July, active inventory rose by 37.2 percent to 3,313 listings, and supply of inventory increased 60 percent to 2.4 months. Despite more inventory entering the Broward County market, buyer competition remains high. Median home prices rose again with an increase of 21.2 percent to $600,000. I encourage all sellers who have been on the fence to start a conversation with a local Realtor® today,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie REALTORS®.