Pending Sales New Listings
Monthly Market Detail - June 2024 Townhouses and Condos Broward County
New Pending Sales
The number of listed properties that went under contract during the month
Economists ' note : Because of the typical length of time it takes for a sale to close , economists consider Pending Sales to be a decent indicator of potential future Closed Sales . It is important to bear in mind , however , that not all Pending Sales will be closed successfully . So , the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale .
Month |
New Pending Sales |
Percent Change
Year-over-Year
|
Year-to-Date |
8,066 |
-13.8% |
June 2024 |
1,221 |
-18.5% |
May 2024 |
1,313 |
-16.7% |
April 2024 |
1,447 |
-7.2% |
March 2024 |
1,465 |
-17.0% |
February 2024 |
1,384 |
-11.7% |
January 2024 |
1,236 |
-11.0% |
December 2023 |
1,019 |
-2.8% |
November 2023 |
1,076 |
-5.4% |
October 2023 |
1,166 |
-6.4% |
September 2023 |
1,272 |
-6.3% |
August 2023 |
1,481 |
-9.4% |
July 2023 |
1,313 |
-15.6% |
June 2023 |
1,499 |
-2.3% |
3,000 2,500 2,000 1,500 1,000
500 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
New Listings
The number of properties put onto the market during the month
Economists ' note : New Listings tend to rise in delayed response to increasing prices , so they are often seen as a lagging indicator of market health . As prices rise , potential sellers raise their estimations of value — and in the most recent cycle , rising prices have freed up many potential sellers who were previously underwater on their mortgages . Note that in our calculations , we take care to not include properties that were recently taken off the market and quickly relisted , since these are not really new listings .
Month |
New Listings |
Percent Change
Year-over-Year
|
Year-to-Date |
13,880 |
24.6 % |
June 2024 |
1,886 |
10.9 % |
May 2024 |
2,106 |
13.7 % |
April 2024 |
2,324 |
30.5 % |
March 2024 |
2,338 |
18.8 % |
February 2024 |
2,482 |
32.4 % |
January 2024 |
2,744 |
39.4 % |
December 2023 |
1,705 |
22.0 % |
November 2023 |
1,884 |
17.9 % |
October 2023 |
2,015 |
25.5 % |
September 2023 |
1,862 |
16.2 % |
August 2023 |
1,906 |
-1.3% |
July 2023 |
1,678 |
-15.0% |
June 2023 |
1,700 |
-19.9% |
3,000 2,500 2,000 1,500 1,000
500 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 .