Fort Lauderdale Beach Real Estate

Jon C. Mumford, REALTOR-ASSOCIATE, CRS, ePRO, GRI, GREEN, RECS, SFR, SRES

November 2009 Sales Statistics

Posted by fortlauderdalebeachrealestate on December 3, 2009

I just received the sales statistics for Broward County for the month of November and there is FANTASTIC news in the numbers(AGAIN)!  These number have been improving for over a year now.  There are fantastic buys to be had in every price range and my clients are getting incredible deals, unlike I’ve seen in years.  Market activity has picked up tremendously and I’m the busiest I’ve been in 4 years.  Call or email me for exemplary service in South Florida.

 

 

 

New Listings

Single Family-1,568, 13% lower than 08′
Condo/Townhome-2,026, 6% lower than 08′
Total all property types-5,878, 9% lower than 08′

Total Available Inventory

Single Family-6,066, 45% lower than 08′
Condo/Townhouse-9,558, 34% lower than 08′

Single Family Sold

785 closed sales, up 38% from 08′
Median sales price, $195,000, down 20% from last year

Condo/Townhome Sold

964 closed sales, 85% higher from 08′
Median sales price, $85,000, 23% down from 08′

Pending Inventory or homes under contract

Single family homes are up 40% over 2008
Condos are up 88% over 2008

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 8 month supply of single family homes on the market(down 60% from the previous year) and a 10 month supply of condos on the market(down 64% from the previous year).

Jon

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One Response to “November 2009 Sales Statistics”

  1. You are absolutely correct. Now is the time to buy. America is on sale and there has never been a time like this one to go out and find the house of your dreams.

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