Broward County Market Report Broward County Market Report | Page 14

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 .