Below you will find the statistics showing real estate market conditions for Single Family Homes sold for $1 million to $5 million in Broward County, Florida during the month of April 2023.
The market seems to be stabilizing a bit. We are seeing median sales price, closed sales, and new listings holding on without losing much of their gains. In the field we are starting to see buyers coming back as interest rates start to steady.
Thinking of selling your home?
The agent you hire may have no marketing plan and simply place your home on the MLS and pray that it sells. Or you can hire iMarket Realty with our unmatched Aggressive Marketing Strategies that get homes sold faster and for higher prices. The choice is yours. Give us 20 minutes and we’ll show you how we do it.
Median Sale Price
Similar to last month, we had a 7.3% drop in median price compared to last year. The median sale price seems to be stabilizing a bit.
Closed Sales
This month we see another big year over year drop in closed sales of -37%. We also saw a 12.8% drop over last month, but still higher than the last few months.
New Listings
New listings dropped again with a -16.9% reduction over the number of new listings last year. We also saw a small drop of -3.8% over last month.
Median Days on Market
The median days on market continues hovering just under the 60 day mark. This month the median days on market came in at 59 days. That’s a 247.1% increase over last year.
Months Supply
The months supply creped up a a bit over last month but still lower than it has been over the last few months.
Click here to download our Home Seller’s Guide
What You Need to Know
Before Listing Your Home for Sale