Broward County Market Report Broward County Market Report | Page 2

Closed Sales
Monthly
Market Detail - April 2024 Single-Family Homes Broward County
Summary Statistics
April 2024
April 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,196 1,082 10.5 % 282 255 10.6 %
Median Sale Price $ 635,000
$ 575,000 10.4 %
Average Sale Price Dollar Volume
$ 837,680 $ 733,294 14.2 % $ 1.0 Billion $ 793.4 Million 26.3 %
Median Percent of Original List Price Received
96.2 % 96.7 % -0.5 %
Median Time to Contract 30 Days 27 Days 11.1 %
Median Time to Sale
67 Days
67 Days
0.0 %
New Pending Sales New Listings
1,354 1,767
1,365 -0.8 %
1,344 31.5 %
Pending Inventory 1,827 Inventory ( Active Listings ) 4,146 Months Supply of Inventory 4.0
2,065 -11.5 % 2,717 52.6 % 2.5 60.0 %

Closed Sales

The number of sales transactions which closed during the month
Economists ' note : Closed Sales are one of the simplest — yet most important — indicators for the residential real estate market . When comparing Closed Sales across markets of different sizes , we recommend comparing the percent changes in sales rather than the number of sales . Closed Sales ( and many other market metrics ) are affected by seasonal cycles , so actual trends are more accurately represented by year-over-year changes ( i . e . comparing a month ' s sales to the amount of sales in the same month in the previous year ), rather than changes from one month to the next .
Month
Closed Sales
Percent Change
Year-over-Year
Year-to-Date
April 2024
3,818
1,196
-1.2% 10.5 %
March 2024
1,084
-14.7%
February 2024
831
-0.2%
January 2024
707
4.4 %
December 2023
876
0.0 %
November 2023
821
-5.7%
October 2023
983
-2.8%
September 2023
1,056
2.2 %
August 2023
1,178
-2.0%
July 2023
1,052
-13.3%
June 2023
1,256
-12.8%
May 2023
1,252
-12.5%
April 2023
1,082
-28.3%
2,000
2020 2021 2022 2023
1,500
1,000
500
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
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 Wednesday , May 22 , 2024 . Next data release is Friday , June 21 , 2024 .