“Realtors® have started the new year with a bang in Broward County. We’re already seeing signs that 2022 is going to be a consecutive year of huge gains when it comes to median sale price. In January, median sale price increased 19 percent year-over-year to $500,000. Meanwhile, median days on market dropped to a miniscule 18 days. Homes continue to fly off the market almost as soon as they are listed. Broward County is hot, and everyone wants to invest in our housing market. As northerners get through the dog days of winter, I anticipate that they will continue to seek refuge from the cold weather and explore real estate opportunities in our warm and sunny climate. It will be interesting to follow the market trends over the next couple of months and see how it compares to the success we saw in the winter of 2021. Sellers should be ready for a busy season ahead and expect to see the median sale price continue to climb.”
Quote From: Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®
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