The Hollywood, FL Market is Booming!

Prices are up from October 2021 to October 2022 and the real estate market is strong. Hollywood is a highly desired location for homeowners and investors alike.

Commonly asked questions:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.

⇓⇓⇓ Click the link below for the most recent Area Report ⇓⇓⇓

⇒HOLLYWOOD AREA REAL ESTATE REPORT⇐

October 2021 vs. October 2022

As always, please contact me if you would like to be automatically sent updated area market reports for Hollywood or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792