Pompano Beach June 2023 Market Report

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

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Let's start with an important statistic that affects both buyers and sellers. The supply of inventory. Currently, we have a 3.09 month supply of inventory, which means that at the current sales pace, it would take approximately 3.09 months to sell all the available homes on the market. Interestingly, over the last 12 months, we've seen a significant increase of 56.85% in the supply of inventory, this suggests that the market is becoming slightly more favorable for buyers as there are more options available.

Now let's talk about the list to sold price percentage average. This average indicates the sold price of a home compared to its list price. In Pompano Beach, we're currently seeing a healthy list to sold price percentage of 95.8%. This means that on average, sellers are receiving almost 96% of their asking price.

When it comes to the speed of the market, the median days on market in Pompano Beach is 30 days. This means that on average, it takes about a month for a property to go from listing to being sold. It's essential information for both buyers and sellers to consider when making their real estate decisions.

And finally, let's discuss the median sold price, which currently stands at $357,000 in Pompano Beach.

See attched file to check the whole month of June Market Report for Pompano Beach:
Pompano_Beach_Market_Trend_Report.pdf