The upward trend continued in September, with the year-over-year monthly supply of inventory reaching 2.7 months. The median home price also rose again, with an increase of 13.1 percent to $565,000.
“With inventory rising, Realtors® and their buyers have the opportunity to comb through more listings to find that perfect home that’s just right. Even with more competing listings, sellers are still receiving a median of 96.9 percent of their original listing price.
The Broward Palm Beaches & St. Lucie Realtors® also reports that closed sales are down 30.6 percent in September.
The upward trend continued in September, with the year-over-year monthly supply of inventory reaching 2.9 months. The median home price also rose again, with an increase of 23.4 percent to $580,000.
“With inventory rising, Realtors® and their buyers have the opportunity to comb through more listings to find that perfect home that’s just right. Even with more competing listings, sellers are still receiving a median of 95.4 percent of their original listing price.”
The Broward Palm Beaches & St. Lucie Realtors® also reports that closed sales are down 19.3 percent in September.
All Quotes From: Carlos A. Melendez, President of Broward, Palm Beaches & St. Lucie Realtors®
