Fort Lauderdale June 2023 Market Report

Fort Lauderdale June 2023 Market Report

Statistics for the real estate market in Fort Lauderdale, Florida for the month of June 2023.

As of June 2023, Fort Lauderdale's real estate market continues to show strength and stability, with 4.08 months of supply. The market remains balanced, allowing both buyers and sellers to find opportunities that align with their goals. In fact, over the past 12 months, we've seen a remarkable 65.18% increase in the months supply of inventory, indicating A robust demand for properties in our beautiful city.

Now let's talk about the list of sold price percentage. This indicator provides valuable insights into the negotiation power of buyers and sellers.

Currently, the list to sold price percentage in Fort Lauderdale is an impressive 95.8%. This means that sellers are able to secure a significant portion of their asking price, reflecting a strong seller's market. When it comes to the median days on market, Fort Lauderdale stands out with an average of just 29 days.

This is a clear indicator of the high demand and quick turnover we're experiencing in the current market. Homes are being snatched up faster than ever, making it important for buyers to act swiftly to secure their dream home.

Now let's talk numbers. The median sold price in Fort Lauderdale is currently sitting at $540,000. This figure represents the midpoint of all the properties sold in the past month.

It's important to note that this median value has been influenced by the overall market conditions and the specific characteristics of the homes sold.

See the attached file to check the whole month of June Market Report for Fort Lauderdale: Fort_Lauderdale_June_2023_Monthly_Market_Report.pdf

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