How Bleak is it?

Are homes selling? Yes, but below market value and that's a moving target. It's tough to sell, but it's a great time to buy!

In our area ( South of Broward, North of 595, and West of University) home sales were as follows:

For Sale 110

Under Contract 4

Closed 3

The average days on market was: 232

The average sold price was: 839,000

The median sale price was: 533,000


For Multi Family Homes-

For Sale: 86

Under Contract: 1

Closed: 4

Average days on market: 241

Average sold price: 205,000

Median sold Price: 191,000

In general Single family homes are selling for about 92% of the asking price and multi family homes are selling for about 95% of their asking price.

I hope you have a wonderful summer!