Broward County Market Report Broward County Market Report | Page 2

Closed Sales
Monthly Market Detail - March 2024 Single-Family Homes Broward County
Summary Statistics
March 2024
March 2023
Percent Change Year-over-Year
Closed Sales Paid in Cash
1,084 1,271 -14.7 % 307 290 5.9 %
Median Sale Price $ 607,000
$ 565,000 7.4 %
Average Sale Price Dollar Volume
$ 863,028 $ 769,640 12.1 % $ 935.5 Million $ 978.2 Million -4.4 %
Median Percent of Original List Price Received
96.1 % 96.1 % 0.0 %
Median Time to Contract 35 Days 33 Days 6.1 %
Median Time to Sale
71 Days
73 Days
-2.7 %
New Pending Sales New Listings
1,310 1,672
1,367 -4.2 %
1,459 14.6 %
Pending Inventory 1,783 Inventory ( Active Listings ) 4,007 Months Supply of Inventory 3.9
1,898 -6.1 % 2,988 34.1 % 2.7 44.4 %

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
March 2024
2,622
1,084
-5.7% -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%
March 2023
1,271
-17.5%
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
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 Thursday , April 18 , 2024 . Next data release is Wednesday , May 22 , 2024 .