Monthly Market Summary - August 2022 Single-Family Homes Broward County

Monthly Market Summary - August 2022 Single-Family Homes Broward County

Closed Sales Paid in Cash Median Sale Price Average Sale Price Dollar Volume Med. Pct. of Orig. List Price Received Median Time to Contract Median Time to Sale

New Pending Sales New Listings Pending Inventory Inventory (Active Listings) Months Supply of Inventory

August 2022

1,202 292 $562,500 $745,625 $896.2 Million 98.3% 18 Days 56 Days 1,235 1,661 1,729 3,458 2.5

August 2021

1,625 381 $495,000 $688,512 $1.1 Billion 100.0% 12 Days 54 Days 1,751 1,838 2,703 2,357 1.5

Percent Change Year-over-Year

-26.0% -23.4% 13.6% 8.3% -19.9% -1.7% 50.0% 3.7% -29.5% -9.6% -36.0% 46.7% 66.7%

Closed Sales

Median Sale Price

2,000

2018

2019

2020

2021

2022

1,500

1,000

500

0 J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A

$700K $600K $500K $400K $300K $200K $100K

$0K

J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A

7,000 6,000 5,000 4,000 3,000 2,000 1,000

0

J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A

2018

2019

2020

2021

2022

Inventory

Produced by MIAMI REALTORS? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, September 21, 2022. Next data release is Thursday, October 20, 2022.

Monthly Distressed Market - August 2022 Single-Family Homes Broward County

Traditional Foreclosure/REO

Short Sale

Closed Sales Median Sale Price Closed Sales Median Sale Price Closed Sales Median Sale Price

August 2022 1,184

$565,000 11

$255,000 7

$371,000

August 2021 1,609

$499,000 12

$350,150 4

$200,275

Percent Change Year-over-Year

-26.4% 13.2% -8.3% -27.2% 75.0% 85.2%

Closed Sales

2018

2019

2020

2021

2022

100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0%

Traditional Foreclosure/REO Short Sale

J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A

$900K

$800K

$700K

$600K

$500K

$400K

$300K

$200K

$100K

$0K J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A S OND J FMAM J J A

2018

2019

2020

2021

2022

Median Sale Price

Produced by MIAMI REALTORS? with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Wednesday, September 21, 2022. Next data release is Thursday, October 20, 2022.

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