Broward County Monthly Market Snapshot

“As we inch closer to 2021, we continue to see more progress and increases across the Broward County housing market. Throughout the year, we’ve seen a trend of double digit increases in median sale price and closed sales. This trend continued in November as the median sale price increased 13.3 percent to $425,000. Closed sales also increased heavily by 23.3 percent to 1,447. Homes in Broward County are selling at an astonishing rapid rate and quickly as the median time to contract decreased 56.5% to 20 days. The market is hot and it’s a great time to invest in real estate. Take full advantage of the market this holiday season by contacting a local Realtor® for guidance on buying and selling in the current market conditions,” said Jarrod Lowe, 2020 President of Broward, Palm Beaches & St. Lucie Realtors®.