Fort Lauderdale Market Stats | Fort Lauderdale Home
Sales September
Real estate home sale stats were just released yesterday by the Florida Realtors® for September 2014.
The Miami-Fort Lauderdale-Pompano Beach metropolitan area sales numbers were almost all up, with a few exceptions. We have a healthy real estate market here in the Fort Lauderdale area.
Single family:
Closed home sales were up 12.2% from last September
The median sale price was up to $265,000, a 3.1% increase from last year
Active listings for sale were up 25.5%
New listings on the market were up 12.3%
Months supply of inventory was 5.5 months
What does this mean?
This is a perfectly balanced market for single family homes in the Fort Lauderdale metropolitan area; good for buyers, good for sellers. Buyers are still very cautious and not paying crazy inflated list prices. There is inventory to choose from. The average percent of original list price received dropped to 94.3%. So that means the average price paid for a single family home was 5.7% under the asking price. That of course, is an average. Some homes are priced perfectly, some are overpriced. Always ask your Realtor® to pull the current sales in the neighborhood to insure you don’t over pay.
Condos and Townhouses:
Closed sales were up 2.2% from last year
New listings for sale were up 3.1% from last September
The median sales price was up to $150,000 from $132,379 last year
Months supply of inventory was 6.5 months
Cash sales were down 2.7%
What does this mean?
The condo townhome market is not yet completely balanced. It’s still slightly a buyers market. With cash sales down, this shows what investors are doing. Good news for buyers obtaining financing who were always getting beat out by investors paying cash.
Fort Lauderdale-Miami-Pompano Beach September 2014 Single Family Market Detail Report
Fort Lauderdale-Miami-Pompano Beach September 2014 Condo Townhouse Market Detail Report
For more information on your local area, contact us at 954-895-8999 or email us. We’d be happy to help.