Broward Inventory Drops as Winter Season Approaches

The median single-family home price reached $641,500, up 2.4% compared to last year. Even more significant, the number of homes available for sale dropped 18.1% year-over-year, leaving just 4,351 active listings. With inventory now at 4.2 months of supply, market conditions continue to favor sellers.

Homes are also selling faster, with the median time to contract declining from 48 days last year to just 39 days.

Thinking about selling? With fewer homes competing for buyers' attention and seasonal buyers returning to South Florida, now could be an excellent time to make your move.