“Last year’s trend of monthly increases in closed sales and median price looks to be continuing into 2021! The steady rise in both categories along with a low supply of inventory should have homeowners ecstatic for the year ahead. In January, we saw the median price rise 12.2 percent to $420,000 while closed sales increased 18.2 percent to 1,154. The low inventory levels of 2.2 months are causing homes to be sold at an astonishing quick rate. The average days on market in January for Broward was 22 days, a 56 percent decrease year-over-year. Also, migration reports suggest that 2021 is going to be another huge year for growth in Florida. As more prospective buyers flock to Florida, make sure you have a professional working for you. Contact a local Realtor® today for guidance on all real estate transactions,” said Karen Johnson, President of Broward, Palm Beaches & St. Lucie Realtors®.
Looking to buy or sell your home? Contact Jason Taub today – Resident Realtor® in Fort Lauderdale, Florida. Available 24/7.
