Market Trends in SE Florida

Snapshot of today’s Broward County market

• Prices: Median listing prices are roughly flat to slightly down year‑over‑year. Keep in mind there are “markets within markets”.
• Inventory: Active listings are high and have grown over the last few years, giving buyers more choices and easing bidding wars.
• Days on market: Homes are taking longer to sell (around 80–90 days on average), which signals a cooler, more negotiable market than the frenzy of a few years ago.
• Segment split: Single‑family homes are holding value better, while condos/townhomes have softened more due to stricter regulations, insurance costs, and higher rates.

Overall, Broward is in a balanced-to-cool phase: still active, but with more leverage and time for buyers, and a need for sharper strategy from sellers.

Advice for buyers

1. Leverage the extra inventory, but don’t overplay your hand
   • You often have multiple options and more time to decide—use that to compare HOA fees, insurance quotes, and reserves (especially for condos).
2. Focus on total monthly cost, not just price
   • Insurance + taxes + HOA can swing affordability more than a small price difference, particularly in Broward’s coastal and condo markets. Get quotes early and build them into your budget.
3. Negotiate with data
   • Use recent days‑on‑market and price reductions in the neighborhood to justify your offer and repair credits. In a cooler market, sellers are more open to concessions on closing costs, repairs, or rate buydowns.
4. Be picky about building quality and reserves
   • For condos, review the budget, reserves, and recent engineering reports. Newer safety and reserve rules can mean higher assessments—better to know now than be surprised later.
5. Get pre‑approved and be clear on your walk‑away line
   • A strong, clean pre‑approval still stands out. Decide in advance the max payment you’re comfortable with so you don’t stretch just because a property feels “perfect.”

Advice for sellers

1. Price for today’s market, not yesterday’s peak
   • With prices slightly correcting and days on market rising, overpricing is the fastest way to sit stale and invite lowball offers. Start at a realistic, data‑backed price that matches recent closed sales, not just active listings.
2. Win on presentation
   • In a higher‑inventory market, your home is competing hard for attention. Professional photos, good lighting, decluttering, minor repairs, and neutral paint can be the difference between “scroll past” and “schedule a showing.”
3. Be ready to negotiate—and to give value
   • Buyers now expect something: a price adjustment, closing cost help, or a credit for updates. Decide ahead of time what you’re willing to offer so you can respond quickly and keep good buyers engaged.
4. Mind the first 2–3 weeks on market
   • That’s when you get the most eyeballs. If showings are slow or feedback is consistently about price, adjust quickly rather than waiting months and chasing the market down.
5. For condo sellers: get your paperwork tight
   • Have association docs, budgets, reserves, and recent inspections ready. The smoother and more transparent the building looks, the less nervous buyers (and their lenders) will be.

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. 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 advisor 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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792