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The market is still hot in Fort Lauderdale, FL!
There have been slowly changing trends from October 2021 to October 2022, but overall the real estate market is strong and SE Florida is a highly desired location for homeowners and investors alike.
Common 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 ⇓⇓⇓
⇒FORT LAUDERDALE 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 Fort Lauderdale or another SE Florida city. I am here to help.
Let’s start working together!
Annette Dammeyer, REALTOR
Coldwell Banker Realty
808.747.3686
SL 3535792
