Broward County Monthly Market Snapshot

“September was a busy month for Realtors® with closed sales skyrocketing with double-digit increases. We saw 1,535 closed sales in Broward County, a massive 24.9 percent increase year-over-year. It’s safe to say that the COVID-19 pandemic hasn’t deterred buyers from purchasing homes. Meanwhile, median sale price increased 15.6 percent, hitting $425,000. Low levels of inventory and historically low interest rates have played a huge role in the continued growth of Broward County prices. If you’ve been contemplating listing your home, now is the time to make your move. Median time on market is 21 days, a local Realtor® can help you capitalize on the high demand,” said Jarrod Lowe, President of Broward, Palm Beaches & St. Lucie Realtors®.