Broward County Monthly Market Snapshot

“Broward County closed sales skyrocketed in April! We saw an 80.9 percent increase to 1,782 year-over-year. It’s amazing to see how the market has developed since the COVID-19 pandemic struck America. When faced with adversity and uncertain times, Realtors® came together to help buyers and sellers reach their real estate goals. I’m proud of the resiliency shown by the real estate community and look forward to seeing how the rest of 2021 will play out. One key statistic to keep an eye on as the market progresses is the median percent of original listing price. Broward sellers are commanding 99.5% of their original asking price. Sale-to-list ratio is worth watching as it keeps inching closer to the 100% mark. The continued growth that we keep seeing in the market is a huge indication of how South Florida remains firmly one of America’s real estate hotspots. If you’re interested in buying or selling, contact a local Realtor® for their expertise on how you can take advantage of this exciting time in the Broward County market," said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.