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Fort Lauderdale October 2025 Area Report
Fort Lauderdale October 2025 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
Fort Lauderdale Real Estate Market Summary – October 2025
🏡 Single Family Homes – October 2025 Highlights
Monthly Changes (vs. October 2024):
- New Listings: 321 (⬇️ 18.9%)
- Sold Listings: 113 (⬇️ 26.6%)
- Median List Price (Solds): $630,000 (⬆️ 0.8%)
- Median Sold Price: $610,000 (⬇️ 0.4%)
- Average Sold Price: $1,203,546 (⬆️ 20.6%)
- Average Days on Market: 83 days (⬆️ 3.75%)
- List-to-Sale Price Ratio: 95% (slightly down)
Year-to-Date (YTD) Changes:
- New Listings: 3,499 (⬇️ 5.6%)
- Sold Listings: 1,375 (⬇️ 12.3%)
- Median Sold Price: $635,000 (⬆️ 9%)
- Average Sold Price: $1,285,511 (⬆️ 14.3%)
- Average Days on Market: 84 days (⬆️ 25.4%)
🏢 Condos & Townhomes – October 2025 Highlights
Monthly Changes (vs. October 2024):
- New Listings: 397 (⬇️ 16.6%)
- Sold Listings: 133 (⬇️ 1.5%)
- Median List Price (Solds): $448,000 (⬆️ 14.9%)
- Median Sold Price: $425,000 (⬆️ 13.3%)
- Average Sold Price: $601,341 (⬆️ 12.4%)
- Average Days on Market: 128 days (⬆️ 48.8%)
- List-to-Sale Price Ratio: 94.2% (⬇️ slightly)
Year-to-Date (YTD) Changes:
- New Listings: 4,397 (⬇️ 10.5%)
- Sold Listings: 1,488 (⬆️ 0.1%)
- Median Sold Price: $415,000 (⬇️ 7.8%)
- Average Sold Price: $619,309 (⬇️ 6.9%)
- Average Days on Market: 101 days (⬆️ 29.5%)
đź“Š Market Trends Summary
- Inventory is tightening: Fewer new listings and longer days on market suggest a slower-moving market.
- Prices are mixed: Single family homes are seeing price increases, while condos show mixed results (monthly up, YTD down).
- Buyers have more time: Properties are staying on the market longer, especially condos.
- Sellers need to be competitive: Slight drops in list-to-sale price ratios and higher absorption rates indicate more negotiation and competition.
We are in a new housing market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
November 2025 ~ Buy & Sell at Once? Yes, You Can! Plus 3D Homes and More…
November 2025 Newsletter
As the holiday season approaches and we gather with loved ones, I’m reminded of how grateful I am to be part of such a vibrant and welcoming community here in Southeast Florida. Whether you’re hosting festive get-togethers or simply enjoying the cooler breeze, November is a wonderful time to reflect, reconnect, and plan ahead.
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In this month’s newsletter, I’ve curated a mix of helpful insights and fun ideas to support you both at home and in your home search:
And as always, I’ve included local real estate market reports to help you stay informed about trends and opportunities in our area. My commitment to this community goes beyond real estate — it’s about helping you feel at home in every sense of the word. If you ever have questions, need advice, or just want to chat about your next steps, I’m here for you. Wishing you a joyful and peaceful November! Warmly, |
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National Stories
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Real Estate Updates | Area Reports | September 2025
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There’s something about November in Southeast Florida that feels magical — cooler breezes, golden sunsets over the water, and the anticipation of the holidays just around the corner. It’s the perfect time to gather with friends, plan for the season ahead, and dream about what’s next for your home.
Thank you for letting me be part of your journey — whether you’re planning a move or simply looking for inspiration, I’m here to help every step of the way.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
SE Florida Market Snapshot – September 2025
Market Trends in SE Florida
The real estate market is adjusting. With the fluctuation in property inventory, SE Florida is leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. It is crucial to examine other similar homes on the market to establish an aggressive original listing price, generating multiple buyer’s attention to your property. This is also an important time to consider a decrease in asking price if the property has been on the market without active offers. I welcome any discussions you may want to have regarding your neighborhood trends. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current real estate updates. Here are the Market Snapshots reflecting the last month (compared to the same month last year) for the following areas:
- Fort Lauderdale
- Wilton Manors
- Hollywood
- Dania Beach
- Hallandale Beach
These take into account all property types (Single Family Homes/Condos/Townhomes).
The real estate landscape in South Florida is evolving quickly—and making smart, timely decisions has never been more important. Whether you’re considering selling, buying, or simply staying informed, I’m here to be your local guide and resource.
Let’s talk about current market trends and how we can align your goals with today’s opportunities. I’d be happy to provide customized market reports for Fort Lauderdale, any SE Florida city, or even your specific neighborhood—all automatically delivered to your inbox.
Call or email me anytime. I’m here to help you move forward with clarity and confidence
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale August 2025 Area Report
Fort Lauderdale August 2025 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
This report provides an overview of residential real estate sales activity and trends in Fort Lauderdale for single-family homes and condos/townhouses. It includes detailed statistics comparing August 2025 to August 2024 and year-to-date (YTD) data for both years. ​
Key Highlights:
Single-Family Homes: ​
- New Listings: Down 32.33% month-to-date and 3.46% YTD.
- Sold Listings: Decreased by 24.57% month-to-date and 13.55% YTD.
- Median Sold Price: Increased by 17.44% month-to-date and 9.66% YTD. ​
- Average Sold Price: Up 20.37% month-to-date and 14.41% YTD. ​
- Median Days on Market: Increased by 60.47% month-to-date and 25.58% YTD. ​
- List/Sold Price Ratio: Slight decrease (-0.33%). ​
Condos/Townhouses: ​
- New Listings: Down 33.19% month-to-date and 7.94% YTD.
- Sold Listings: Slight decrease of 2.96% month-to-date and 3.64% YTD.
- Median Sold Price: Decreased by 1.3% month-to-date and 10.33% YTD. ​
- Average Sold Price: Down 11.24% month-to-date and 9.94% YTD.
- Median Days on Market: Increased by 25.37% month-to-date and 34.55% YTD. ​
- List/Sold Price Ratio: Slight decrease (-0.8%). ​
Additional Metrics:
- Absorption Rate: Indicates market competitiveness based on inventory supply. ​
- Months Supply of Inventory: Reflects the balance between properties for sale and sold properties. ​
The report emphasizes trends such as declining new and sold listings, rising prices for single-family homes, and longer days on market for both property types. It provides insights for buyers and sellers to understand market conditions and make informed decisions with the experienced assistance from your local real estate advisor, Annette Dammeyer.
We are in a new housing market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
SE Florida Market Snapshot – August 2025
Market Trends in SE Florida
The real estate market is adjusting. With the increase in months of supply of inventory, SE Florida is leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. It is crucial to examine other similar homes on the market to establish an aggressive original listing price, generating multiple buyer’s attention to your property. This is also an important time to consider a decrease in asking price if the property has been on the market without active offers. I welcome any discussions you may want to have regarding your neighborhood trends. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current real estate updates. Here are the Market Snapshots reflecting the last month (compared to the same month last year) for the following areas:
- Fort Lauderdale
- Wilton Manors
- Hollywood
- Dania Beach
- Hallandale Beach
These take into account all property types (Single Family Homes/Condos/Townhomes).
The real estate landscape in South Florida is evolving quickly—and making smart, timely decisions has never been more important. Whether you’re considering selling, buying, or simply staying informed, I’m here to be your local guide and resource.
Let’s talk about current market trends and how we can align your goals with today’s opportunities. I’d be happy to provide customized market reports for Fort Lauderdale, any SE Florida city, or even your specific neighborhood—all automatically delivered to your inbox.
Call or email me anytime. I’m here to help you move forward with clarity and confidence
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
September 2025 ~ Navigating Today’s Market with Resilience & Autumn Comforts
September 2025 Newsletter
Hello September! As the summer sun begins to mellow and we ease into the rhythm of fall, I’m excited to welcome you to this month’s newsletter—a space where real estate meets lifestyle, and community comes first.Â
In this issue, we’re diving into the unique challenges and opportunities facing Hollywood, FL homeowners today, with practical insights to help you stay confident and informed. This information also applies to other SE Florida cities. We’re also stirring up some seasonal inspiration with autumn drink ideas that bring cozy vibes to your gatherings, plus a look at multi-use furniture that blends style with smart living—perfect for maximizing space without sacrificing charm. And for those thinking ahead, we’re spotlighting the sustainable home features today’s buyers are actively seeking—because eco-conscious upgrades aren’t just good for the planet, they’re great for your property value too. As always, you’ll find my monthly local market reports included to keep you up to date on the latest trends and shifts in our South Florida real estate landscape. Here’s to a season of fresh ideas, warm connections, and homes that truly reflect the lives we love. Kind regards, |
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National Stories
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Real Estate Updates | Area Reports | July 2025
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Autumn is a great time for a coffee walk and talk! If you have any questions or simply want to discuss your home options, I’m here for you. Let’s have a conversation tailored to your goals, and map out the next steps together. I’m here to help and guide you every step of the way with experience and integrity.CONTACT ANNETTELet’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD® Coldwell Banker Realty 901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301 808.747.3686 SL 3535792
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Home Buyer Checklist
🏡 Your Ultimate SE Florida Home Buyer Checklist
From Dreaming to Closing — A Trusted Agent’s Guide
Buying a home in Southeast Florida isn’t just a transaction—it’s a lifestyle decision. Whether you’re drawn to waterfront views, vibrant communities, or year-round sunshine, this comprehensive checklist will guide you from your first thought to the final signature. As a local real estate expert, I’ve broken down every step with practical advice and tips tailored to our unique market.
âś… 1. Decide to Buy
- Clarify your “why”: Are you relocating, upsizing, downsizing, investing, or seeking a lifestyle upgrade (e.g., waterfront living)?
- Assess financial readiness:
- Review credit score
- Know your estimated PITI. PITI refers to the four components that typically make up your monthly mortgage payment: principal, interest, taxes, and insurance. Here’s a breakdown of what each element represents:
- Principal:Â This is the portion of your payment that goes towards repaying the actual loan amount you borrowed from the lender to buy the home.
- Interest:Â This is the cost of borrowing the money, charged by the lender as a percentage of your loan principal.
- Taxes:Â These are the property taxes levied by your local government, used to fund public services like schools and infrastructure.
- Insurance: This is typically homeowner’s insurance, which protects your home from damage or loss due to events like natural disasters.
- Estimate your total monthly budget (mortgage, taxes, insurance, HOA fees, spending habits, savings)
- Factor in SE Florida-specific costs (flood insurance, hurricane prep)
- Explore timing: Consider seasonal market trends (e.g., winter influx, summer inventory shifts) and your specific timing needs
đź’° 2. Get Pre-Approved
- Choose a local lender familiar with SE Florida’s market and insurance nuances. I have excellent local lender resources that I can refer to you.
- Gather documents:
- Income verification (W-2s, tax returns)
- Bank statements
- Debt obligations
- Understand loan options:
- Conventional, FHA, VA, jumbo loans
- Waterfront or condo-specific financing considerations
- Understand the difference between Pre-Qualification and Pre-Approval. Pre-qualification is an informal estimate of how much you might be able to borrow. It’s based on basic financial information you provide—like your income, debts, and assets—but it’s not verified. There’s usually no credit check involved, and no documentation required. Think of it as a ballpark figure to help you begin your search. Pre-approval is a more formal process. It involves submitting financial documents—like tax returns, W-2s, and bank statements—and undergoing a credit check. The lender reviews everything and gives you a conditional commitment for a specific loan amount. Sellers often prefer a pre-approval as it shows them you are a serious buyer and have a higher likelihood of securing the loan.
🧠3. Define Your Criteria
- Location priorities:
- Proximity to beaches, schools, work, or boating access
- Flood zones and elevation
- Home features:
- Bedrooms, layout, outdoor space, pool, dock
- Age of roof, windows, and HVAC (important for insurance)
- Lifestyle fit:
- Gated communities, walkability, pet-friendliness, HOA rules
🕵️‍♀️ 4. Partner with a Local Expert
- Choose a real estate agent who:
- Specializes in SE Florida neighborhoods and waterfront properties
- Communicates clearly and advocates for your goals
- Discuss strategy:
- Market conditions
- Offer tactics
- Negotiation style
- Understand the benefits of working with a buyer’s agent and your responsibilities regarding buyer’s agent commissionsÂ
- Â A written buyer-broker agreement is now required when working with a real estate agent who is a member of the Multiple Listing Service (MLS). This agreement must be signed before the buyer begins touring properties with the agent and will outline the services your real estate professional will provide you, and what they will be paid for those services.
🔍 5. Start the Search
- Tour homes in person or virtually (drone footage, video walkthroughs)
- Evaluate curb appeal and potential (consider staging possibilities)
- Ask about local quirks:
- Drainage, easements, seawall conditions
- Community restrictions or assessments
- If you are looking for a waterfront home for your boat, I have provided in-depth information here: Guide for Boaters Buying SE Florida Waterfront Homes with Docks
- I will set you up on a personized search that will pull all current and just listed properties on the market that fit your requirementsÂ
đź“‘ 6. Make an Offer
- Review comps and recent sales – I will provide you with a current Comparative Market Analysis (CMA) for the property
- Craft a strong offer:
- Price, deposit, contingencies
- Closing timeline
🧾 7. Under Contract: Due Diligence
- Schedule inspections:
- General home, roof, 4-point, wind mitigation, termite- For an explanation of a 4-point inspection, view: 4-Point Inspection
- Pool, dock, seawall (if applicable)
- Review disclosures:
- HOA docs, insurance history, flood disclosure, permits
- Negotiate repairs or credits based on findings
🛡️ 8. Secure Insurance
- Get quotes early:
- Homeowners, flood, windstorm
- Understand coverage:
- Replacement cost vs. actual cash value
- Deductibles for hurricanes
- Check insurability:
- Roof age, electrical panel, plumbing type
- Condominium milestone reports, reserves, deductibles, litigation
🧮 9. Finalize Financing
- Lock in your rate
- Submit final documents
- Review Closing Disclosure (3 days before closing)
📦 10. Prepare for Closing
- Schedule final walk-through
- Transfer utilities – I can assist you with this through my Utility Connect program (it’s a free service I offer)
- Confirm title and escrow details
- Bring ID and certified funds to closing
🎉 11. Closing Day!
- Sign documents
- Receive keys
- Celebrate your new home!
🌴 Bonus Tips for SE Florida Buyers
- Check hurricane shutters and/or impact windows (performance, protection, price)
- Explore homestead exemption for property tax savings (if this will be your primary residence)
- Plan for seasonal maintenance (AC servicing, landscaping, pest control)
Ready to Start Your Journey?
Whether you’re buying your first home or your dream waterfront retreat, I’m here to help you move forward with clarity and confidence. Let’s make your move in SE Florida seamless and successful.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
SE Florida Market Snapshot – July 2025
Market Trends in SE Florida
The real estate market is adjusting. With the increase in months of supply of inventory, SE Florida is leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. It is crucial to examine other similar homes on the market to establish an aggressive original listing price, generating multiple buyer’s attention to your property. This is also an important time to consider a decrease in asking price if the property has been on the market without active offers. I welcome any discussions you may want to have regarding your neighborhood trends. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current real estate updates. Here are the Market Snapshots reflecting the last month (compared to the same month last year) for the following areas:
- Fort Lauderdale
- Wilton Manors
- Hollywood
- Dania Beach
- Hallandale Beach
These take into account all property types (Single Family Homes/Condos/Townhomes).
The real estate landscape in South Florida is evolving quickly—and making smart, timely decisions has never been more important. Whether you’re considering selling, buying, or simply staying informed, I’m here to be your local guide and resource.
Let’s talk about current market trends and how we can align your goals with today’s opportunities. I’d be happy to provide customized market reports for Fort Lauderdale, any SE Florida city, or even your specific neighborhood—all automatically delivered to your inbox.
Call or email me anytime. I’m here to help you move forward with clarity and confidence
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
The Ultimate Home Seller Checklist for SE Florida
🌴 The Ultimate Home Seller Checklist for SE Florida: From Decision to Closing
Selling your home in Southeast Florida isn’t just a transaction — it’s a transformation. Whether you’re downsizing, moving closer to family, or simply ready for a change, I know how emotional and overwhelming this process can be. I’ve walked many sellers through this journey, and when you have a clear path forward, you’ll feel more in control, more confident, and ready to celebrate when the keys are handed over.
So, here’s the roadmap — a comprehensive checklist designed especially for SE Florida homeowners. Use this as your guide from that first “maybe it’s time” moment all the way to a victorious closing day.
🧠Step 1: Deciding to Sell
- Identify your “why” — downsizing, relocation, lifestyle upgrade?
- Research local trends in your neighborhood (Fort Lauderdale, Hollywood, Boca, etc.)
- Estimate equity and potential profits
- Consider seasonal timing (yes, even in sunny Florida — buyer demand fluctuates)
- Talk to a trusted real estate professional (like me!) to run through your options
- Agree on a Listing Price after reviewing a Comparative Market Analysis (CMA)
I will provide you with a CMA that takes into account your neighborhood’s recently sold homes, the current competition and local market conditions.Â
🛠️ Step 2: Preparing the Property
- Declutter and depersonalize — less is more when buyers tour your home
- Handle repairs and maintenance: roof, HVAC, plumbing
- Boost curb appeal — South Florida buyers notice landscaping!
- Schedule a pre-listing home inspection and seawall/dock inspection if applicable (optional but smart)
- Consider professional staging (especially helpful in open layouts)
- If interested, take advantage of the RealVitalize® program that provides home sellers with home improvement resources during the listing period, with no upfront costs or interest fees.
🎨 Step 3: Marketing & Listing
- Take professional photos to showcase your property effectively online, attracting more buyers*
- Complete the Seller’s Property Disclosure Statement
- Complete the Flood Disclosure
- If applicable, order all HOA documents for disclosure
- Create emotional, lifestyle-driven marketing materials*
- Launch the listing on the MLS and other platforms*
- Feature your home in email campaigns, social posts, and open houses*
- Target buyers relocating to SE Florida — they’re often driven by lifestyle and climate*
*I will take the lead on these items. Please click link to view my Marketing Strategy:
đź’Ľ Step 4: Navigating Offers
- Review offers carefully: price, contingencies, closing timelines
- Strategically counter or accept offers based on your goals
- Handle negotiations with clarity and confidence
- Don’t forget: emotional intelligence matters here as much as market savvy
I will promptly present all offers to you so we can discuss them and prepare an appropriate response for the buyer.
đź“ś Step 5: Under Contract
- Handle any lender-required repairs
- Cooperate with inspections and appraisals and keep communication open
- Complete all remaining required disclosures to provide to the buyer
- Coordinate with the title company and attorney (if needed)
- Keep the property “show-ready” until all contingencies are cleared
I will keep you apprised of all appointments including inspections, appraisals and document signing. I will also make sure all required disclosures are completed and delivered by the deadlines.
🎉 Step 6: Closing Day
- Do your final walk-through the day before (yes, even sellers should check everything)
- Sign final documents and celebrate a smooth transaction
- Transfer keys, garage openers, and final information
- Celebrate!
I hope this comprehensive guide gives you clarity and confidence as you consider selling your home in beautiful Southeast Florida. Every seller’s journey is unique — and the right guidance makes all the difference.
If you have any questions, are curious about your home’s current value, or simply want to talk through your options, I’m here for you. Let’s have a conversation tailored to your goals, and map out the next steps together.
Feel free to reach out anytime to schedule a consultation — whether you’re ready to list or just exploring. Your next chapter starts with a confident first step.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
Fort Lauderdale June 2025 Area Report
Fort Lauderdale June 2025 real estate statistics have been published.
Fort Lauderdale Area Reports
Single Family Homes
Condominium & Townhouses
Fort Lauderdale Real Estate Market Overview
The following is a real estate market report for Fort Lauderdale, detailing sales activity, trends, and statistics for single-family homes and condos/townhouses as of June 2025.
Summary:
Single Family Homes Sales Overview
The single-family homes market has experienced a decline in sales and prices compared to last year. Key metrics indicate a significant drop in both the number of sales and average prices, reflecting a challenging market environment.
- Number of Sales: 146 (down 13.53% from last year)
- New Listings: 293 (down 14.83% month-to-date)
- Median Sales Price: $575,000 (down 13.53% year-over-year)
- Average Sales Price: $967,893 (down 25.3% year-over-year)
- Median Days on Market: 53 (up 39.47% year-over-year)
- List/Sold Price Ratio: 95.2% (down 0.67% from last year) ​
Condo/Townhouse Market Overview
The condo/townhouse market has also seen a decrease in sales and prices, with notable declines in both new listings and sold properties. This trend suggests a tightening market for these types of properties.
- Number of Sales: 167 (down 10.31% from last year)
- New Listings: 310 (down 24.21% month-to-date)
- Median Sales Price: $435,000 (down 10.31% year-over-year)
- Average Sales Price: $641,687 (down 7.15% year-over-year)
- Median Days on Market: 70 (up 27.27% year-over-year)
- List/Sold Price Ratio: 93.2% (down 2.02% from last year) ​
Year-to-Date Market Trends
Year-to-date statistics reveal a consistent decline in both single-family homes and condo/townhouse sales, indicating a broader trend in the real estate market.
- Year-to-Date Sold Listings for Single Family Homes: 818 (down 12.98% from last year)
- Year-to-Date Sold Listings for Condo/Townhouse: 890 (down 7% from last year)
- Year-to-Date Median List Price for Single Family Homes: $672,500 (up 7.64% from last year)
- Year-to-Date Median List Price for Condo/Townhouse: $449,950 (down 9.83% from last year)
Market Dynamics and Inventory Insights
The market dynamics show an increase in the average days on market, suggesting a shift towards a buyer’s market. The absorption rate indicates a need for sellers to be competitive.
- Average Days on Market for Single Family Homes: 70 (no change year-over-year)
- Average Days on Market for Condo/Townhouse: 93 (up 24% year-over-year)
- Months Supply of Inventory: Indicates a need for a competitive pricing strategy for sellers.
- Higher absorption rates suggest a more aggressive approach is necessary for sellers to attract buyers.
Conclusion
The report highlights significant trends in the residential real estate market, with declines in sales and prices for both single-family homes and condos/townhouses. For further insights and personalized information, contact me, I’m always available to talk.
We are entering a new real estate market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. Please contact me if you would like to be sent updated market reports for YOUR specific neighborhood, Fort Lauderdale, or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals. I am here to help.
CONTACT ANNETTE
Let’s start working together!
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
