Coral Springs June 2023 Market Report

Statistics for the real estate market in Coral Springs Beach, Florida for the month of June 2023.

As of June 2023, our real estate market is showing some interesting trends. First off, we currently have a 1.6 month supply of inventory. That means if no new homes were listed, it would take just one point, six months, to sell all the homes on the market, this indicates a highly competitive market favoring sellers.

Now let's talk about the overall trend over the last 12 months, the months supply of inventory has decreased by 3.03%, this reduction in available homes is further evidence of the strong sellers’ market we're experiencing here in Coral Springs.

Moving on to pricing, the list is sold price percentage stands at an impressive 98.2%. This means that on average, sellers are receiving 98.2% of their asking price. It's important to note that this percentage reflects the market as a whole and individual results may vary based on specific circumstances.

Now let's talk about how quickly homes are selling. The median days on market is just 19 days. That's right, in less than three weeks, homes are going from listing to sold. This is great news for sellers looking for a quick turn around.

Finally, let's discuss the median sold price. Currently, the median sold price in Coral Springs is $600,000. This represents the midpoint of all home sales, indicating that there is a wide range of prices available in our market to suit different budgets and needs.

See attached file to check the whole month of June, Real Estate  Market Report for Coral Springs:

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