Median Time to Contract
Median Time to Sale
Monthly Market Detail - June 2024 Townhouses and Condos Broward County
Median Time to Contract
The median number of days between the listing date and contract date for all Closed Sales during the month
Economists ' note : Like Time to Sale , Time to Contract is a measure of the length of the home selling process calculated for sales which closed during the month . The difference is that Time to Contract measures the number of days between the initial listing of a property and the signing of the contract which eventually led to the closing of the sale . When the gap between Median Time to Contract and Median Time to Sale grows , it is usually a sign of longer closing times and / or declining numbers of cash sales .
Month
Median Time to Contract
Percent Change Year-over-Year
Year-to-Date |
47 Days |
62.1 % |
June 2024 |
45 Days |
73.1 % |
May 2024 |
45 Days |
73.1 % |
April 2024 |
40 Days |
48.1 % |
March 2024 |
39 Days |
44.4 % |
February 2024 |
43 Days |
48.3 % |
January 2024 |
42 Days |
50.0 % |
December 2023 |
35 Days |
45.8 % |
November 2023 |
31 Days |
24.0 % |
October 2023 |
27 Days |
28.6 % |
September 2023 |
25 Days |
38.9 % |
August 2023 |
26 Days |
62.5 % |
July 2023 |
26 Days |
85.7 % |
June 2023 |
26 Days |
100.0 % |
80
2020 2021 2022 2023
60
40
20
0
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
Median Time to Sale
The median number of days between the listing date and closing date for all Closed Sales during the month
Economists ' note : Time to Sale is a measure of the length of the home selling process , calculated as the number of days between the initial listing of a property and the closing of the sale . Median Time to Sale is the amount of time the " middle " property selling this month was on the market . That is , 50 % of homes selling this month took less time to sell , and 50 % of homes took more time to sell . Median Time to Sale gives a more accurate picture than Average Time to Sale , which can be skewed upward by small numbers of properties taking an abnormally long time to sell .
Month |
Median Time to Sale |
Percent Change
Year-over-Year
|
Year-to-Date |
87 Days |
24.3 % |
June 2024 |
88 Days |
29.4 % |
May 2024 |
84 Days |
25.4 % |
April 2024 |
82 Days |
20.6 % |
March 2024 |
77 Days |
14.9 % |
February 2024 |
81 Days |
17.4 % |
January 2024 |
80 Days |
14.3 % |
December 2023 |
75 Days |
17.2 % |
November 2023 |
70 Days |
9.4 % |
October 2023 |
66 Days |
6.5 % |
September 2023 |
68 Days |
17.2 % |
August 2023 |
69 Days |
21.1 % |
July 2023 |
66 Days |
17.9 % |
June 2023 |
68 Days |
23.6 % |
120 100 80 60 40 20 0
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 .