Median Sale Price Average Sale Price
Monthly Market Detail - June 2024 Townhouses and Condos Broward County
Median Sale Price
The median sale price reported for the month ( i . e . 50 % of sales were above and 50 % of sales were below )
Economists ' note : Median Sale Price is our preferred summary statistic for price activity because , unlike Average Sale Price , Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area . Keep in mind that median price trends over time are not always solely caused by changes in the general value of local real estate . Median sale price only reflects the values of the homes that sold each month , and the mix of the types of homes that sell can change over time .
Month |
Median Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 285,000 |
5.6 % |
June 2024 |
$ 287,500 |
2.7 % |
May 2024 |
$ 282,000 |
4.4 % |
April 2024 |
$ 282,500 |
4.6 % |
March 2024 |
$ 288,750 |
7.1 % |
February 2024 |
$ 290,000 |
6.6 % |
January 2024 |
$ 275,000 |
1.9 % |
December 2023 |
$ 275,000 |
7.8 % |
November 2023 |
$ 280,000 |
9.8 % |
October 2023 |
$ 272,750 |
4.1 % |
September 2023 |
$ 270,000 |
1.9 % |
August 2023 |
$ 275,000 |
3.8 % |
July 2023 |
$ 280,000 |
5.7 % |
June 2023 |
$ 280,000 |
5.7 % |
$ 350K $ 300K $ 250K $ 200K $ 150K $ 100K $ 50K $ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Average Sale Price
The average sale price reported for the month ( i . e . total sales in dollars divided by the number of sales )
Economists ' note : Usually , we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices . However , Average Sale Price does have its uses — particularly when it is analyzed alongside the Median Sale Price . For one , the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area .
Month |
Average Sale Price |
Percent Change
Year-over-Year
|
Year-to-Date |
$ 372,539 |
3.5 % |
June 2024 |
$ 380,173 |
5.1 % |
May 2024 |
$ 375,176 |
2.1 % |
April 2024 |
$ 370,189 |
1.8 % |
March 2024 |
$ 379,809 |
8.5 % |
February 2024 |
$ 369,839 |
9.7 % |
January 2024 |
$ 355,515 |
-6.9% |
December 2023 |
$ 367,740 |
6.2 % |
November 2023 |
$ 384,871 |
14.9 % |
October 2023 |
$ 355,559 |
6.3 % |
September 2023 |
$ 342,295 |
-4.9% |
August 2023 |
$ 338,121 |
-3.9% |
July 2023 |
$ 336,842 |
-6.5% |
June 2023 |
$ 361,747 |
-5.4% |
$ 500K $ 400K $ 300K $ 200K $ 100K
$ 0K
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J
Produced by Florida 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 Tuesday , July 23 , 2024 . Next data release is Thursday , August 22 , 2024 .