Supply and demand is like a seesaw.

“Sellers Win” Market

"Sellesr Win" Market

Low inventory creates upward pressure on values.

“Neutral” or Balanced Market

"Neutral" or Balanced Market

If inventory and demand are balanced, values are normally stable. Neither buyers nor sellers have an advantage.

“Buyers Win” Market

"Buyers Win" Market

High inventory creates downward pressure on values.

Quarter 2 (2017)

Single Family Homes Months of Inventory
Condos/Townhomes/Co-ops Months of Inventory

Right now Broward County is experiencing ALL THREE types of real estate market. It all depends on your type of PRODUCT (house, condo, townhome, etc.) and your PRICE RANGE.

Last 15 years, all property types, all price ranges

Average Sale price (in red) for the last 15 years

Houses Average Sales Price in Red

It should be noted that the large difference between the average asking price and the average sale price is due to the large number of properties for sale in the higher price ranges (that have not sold). Of the properties that are selling, sellers are getting 95% of their asking price on average. 

Condo Average Sale Price in Red

It should be noted that the large difference between the average asking price and the average sale price is due to the large number of properties for sale in the higher price ranges (that have not sold). Of the properties that are selling, sellers are getting 95% of their asking price on average.

SINGLE-FAMILY HOUSES

Houses 0 to $299,999

Houses $300,000 to $499,999

Houses $500,000 to $699,999

Houses $700,000 to $999,999

Houses $1 million to $2 million

CONDOS

Condos 0 to $249,000

Condos $250,000 to $349,000

Condos $350,000 to $499,000

Condos $500,000 to $749,000

Condos $750,000 to $999,000

Condos $1 million to $2 million