Broward County Monthly Market Snapshot

“2021 was an extremely successful year for real estate in South Florida and especially in Broward County. We saw a 15.8 percent rise in closed sales to 18,565, and the median sale price increased a whopping 17.5 percent to $470,000. Also, homes were flying off the market. The median time to contract was 15 days, a 53.1 percent decrease from 32 days in 2020. I am proud of my Realtor® family at Broward, Palm Beaches & St. Lucie Realtors® and how quickly we were able to help our communities grow in such a short amount of time. We finished the year strong, and it is also worth noting that 1,541 of those sales closed during the month of December at a median sale price of $500,000. Looking back on the success of 2021, we proved that our area is one of the premier regions for real estate in the country. If you are thinking about buying or selling, contact a local Realtor® today for their expertise on the market and how they can help you accomplish your real estate goals for 2022,” said Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®.