Broward County Monthly Market Report - May March 2025 | Page 22

Median Time to Contract Median Time to Contract
Monthly Market Detail- May 2026 Townhouses and Condos Broward County

Median Time to Contract by Sale Price

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.
Sale Price
Median Time to Contract
Percent Change Year-over-Year
Less than $ 200,000 73 Days 12.3 % $ 200,000- $ 299,999 60 Days-15.5 % $ 300,000- $ 399,999 62 Days 5.1 % $ 400,000- $ 499,999 59 Days 7.3 % $ 500,000- $ 599,999 56 Days 40.0 % $ 600,000- $ 699,999 94 Days 91.8 % $ 700,000- $ 799,999 122 Days 154.2 % $ 800,000- $ 899,999 81 Days-12.0 % $ 900,000- $ 999,999 13 Days-69.8 % $ 1,000,000 or more 70 Days-25.5 %
140
May 2025 May 2026
140
120
120
100
100
80
80
60
60
40
40
20
20
0
Less than $ 200,000
$ 200,000- $ 299,999
$ 300,000- $ 399,999
$ 400,000- $ 499,999
$ 500,000- $ 599,999
$ 600,000- $ 699,999
$ 700,000- $ 799,999
$ 800,000- $ 899,999
$ 900,000- $ 999,999
$ 1,000,000 or more
0

Million Dollar Spotlight

Median Time to Contract by Sale Price for properties selling for $ 1,000,000 or more
120 100 80
60 40
20
0 $ 1,000,000- $ 1,249,999
May 2025 May 2026
$ 1,250,000- $ 1,499,999
$ 1,500,000- $ 1,999,999
$ 2,000,000- $ 2,999,999
Sale Price
Median Time to Contract
Percent Change Year-over-Year
$ 1,000,000- $ 1,249,999 53 Days-49.5 % $ 1,250,000- $ 1,499,999 109 Days 5.8 % $ 1,500,000- $ 1,999,999 69 Days 23.2 % $ 2,000,000- $ 2,999,999 73 Days-24.7 % $ 3,000,000- $ 4,999,999 1 Day-94.4 % $ 5,000,000- $ 9,999,999( No Sales) N / A $ 10,000,000 or more( No Sales) N / A
$ 3,000,000- $ 4,999,999
$ 5,000,000- $ 9,999,999
$ 10,000,000 or more
120 100
80 60 40 20 0
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services. Statistics for each month compiled from MLS feeds on the 10th day of the following month. Data released on Tuesday, June 16, 2026. Next data release is Friday, July 17, 2026.