How's the Market?
First principle: Supply and demand is like a seesaw.
“Sellers Win” Market

Low inventory creates upward pressure on values. The SELLER has the advantage. Time (meaning one to three years) is on the side of the seller.
“Neutral” or Balanced Market

If inventory and demand are balanced, values are normally stable. Neither buyers nor sellers have an advantage. This type of market tends to be brief, and is usually a transition from one type of market to another.
“Buyers Win” Market

High inventory creates downward pressure on values. The BUYER has the advantage. Time (meaning one to three years) is on the side of the buyer.
Months of Inventory



"Sellers Win Market" vs. "Buyers Win Market"
As of this writing, the market is sharply divided. There are not enough single family houses or town houses to meet buyer demand. Multiple offers are common, especially in price ranges below $750,000. The entire condo market, and the market for town homes priced at $1,000,000 and up are experiencing conditions that are exactly the opposite. Buyers have more than enough to choose from, and values in many locations and price ranges have been declining.
Affordability in our area is suffering with high property taxes and insurance. The condo market has more variables to consider than the market for single family houses. Oceanfront locations, 55+ complexes, assessments, reserves, litigation and other factors can create unique markets for individual complexes.
Most condo sellers are pricing themselves “out of the market”. Their properties are listed for sale, but at a price that causes the property to sit instead of causing it to sell. For additional information, please see the two illustrations below, and refer to our section on how to sell your home fast. Many of today’s condo buyers have a “wait and see” attitude, while buyers for single family homes are finding themselves in bidding wars, especially in price ranges below $750,000.
For more exact guidance, please contact Pablo Martin directly at (754) 234-6207.
"Sellers Win Market"

"Buyers Win Market"

Real Estate Market Update for Broward County, Florida
All charts below are updated monthly. Select a link to jump to the corresponding chart.
Last 15 years / Averages
- Single Family Homes – average days on market and average list price to sales price ratio
- Condos – average days on market and average list price to sales price ratio
- Townhomes – average days on market and average list price to sales price ratio
- Last 15 years, all property types, all price ranges
- Average sale price for the last 15 years
- Houses average sales price
- Condo average sales price
- Townhomes average sales price
Single Family Homes
The orange columns indicate the average days on market to sell. The green line shows how much of their asking price sellers got on average, for the properties that sold.
Condos
The orange columns indicate the average days on market to sell. The green line shows how much of their asking price sellers got on average, for the properties that sold.
Townhomes and Villas
The orange columns indicate the average days on market to sell. The green line shows how much of their asking price sellers got on average, for the properties that sold.
Last 15 years, all property types, all price ranges
Average Sale price (in red) for the last 15 years
Houses Average Sales Price in Red
It should be noted that the large difference between the average asking price and the average sale price is due to the extremely large number of unsold properties in the higher price ranges.
Condos Average Sales Price in Red
It should be noted that the large difference between the average asking price and the average sale price is due to the extremely large number of unsold properties in the higher price ranges.
Condo Average Sale Price in Red
It should be noted that the large difference between the average asking price and the average sale price is due to the extremely large number of unsold properties in the higher price ranges.
SINGLE FAMILY HOMES
Houses $100,000 to $249,999
Houses $250,000 to $349,999
Houses $350,000 to $499,999
Houses $500,000 to $749,999
Houses $750,000 to $999,999
Houses $1 million to $2 million
CONDOS
Condos $100,000 to $249,999
Condos $250,000 to $349,999
Condos $350,000 to $499,999
Condos $500,000 to $749,999
Condos $750,000 to $999,999
Condos $1 million to $2 million
TOWNHOMES
Townhomes $100,000 to $249,999
Townhomes $250,000 to $349,999
Townhomes $350,000 to $499,999
Townhomes $500,000 to $749,999
Townhomes $750,000 to $999,999
Townhomes 1 million to $2 million
Got a Question?
Do you have a question? We can help!
Simply fill out the form and we’ll contact you with the answer, with no obligation to you. We guarantee your privacy.